TokyoWashington sold $500 million of euros to buy yen.
It was the US’s first yen-buying intervention since 1998.
The New York Fed bought 79.4 billion yen on 31 July from the Exchange Stabilization Fund, alongside Tokyo’s record 15.4 trillion yen.
The yen hit 160.03 per dollar Friday, and Japan’s finance minister promises to respond.
How each outlet framed it
- Reuters
- reports the NY Fed's disclosure that the US bought yen with euros in the July 31 intervention, the first since 1998
- Bloomberg Business
Sources: Bloomberg Business, Reuters