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Add as a preferred source on GoogleU.S. Treasury Sold About $500 Million in Euros to Buy Yen
The New York Fed bought 79.4 billion yen in the coordinated action, which aimed to address disorderly movements in the yen exchange rate.
During a coordinated intervention with Japan on July 31, the New York Fed bought 79.4 billion yen and sold about $500 million worth of euros from the U.S. Treasury's Exchange Stabilization Fund.
The action aimed to address disorderly movements in the yen exchange rate. The Federal Reserve did not participate in the intervention.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.