US Treasury undertakes intervention in yen market, FT reports
The United States Treasury intervened in yen exchange rates on Friday. This action supported the Japanese currency through outright purchases by the Treasury. The Federal Reserve Bank of New York conducted a sale of euros. This sale was done to...
By Reuters |
Reuters
The U.S. Treasury intervened in yen exchange rates on Friday to support the Japanese currency through outright purchases, the Financial Times reported, citing people familiar with the matter.
The Federal Reserve Bank of New York conducted a sale of euros to buy yen on behalf of the Treasury, the report said.
The Federal Reserve Bank of New York conducted a sale of euros to buy yen on behalf of the Treasury, the report said.
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