The United States Treasury is reportedly considering buying Japanese yen. This move follows reports of potential intervention in the currency market. Japanese authorities had already intervened to support their currency earlier. The dollar slipped against the yen as these reports emerged. This marks a significant intervention in support of Japan's currency.
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August 1, 2026 at 2:45 AM
'Buy $5-10 billion yen': Bessent's note hints at US plan to back Japan's currency
Times of India