{
  "id": 17023,
  "title": "U.S. Treasury intervenes to support yen after Japan steps in, FT reports",
  "url": "https://urgent.news/2026/08/01/u-s-treasury-intervenes-to-support-yen-after-japan-steps-in-ft-reports",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-01T15:44:08.000Z",
  "source": {
    "name": "CNBC",
    "slug": "cnbc",
    "url": "https://www.cnbc.com/2026/08/01/us-treasury-intervenes-to-support-yen-after-japan-steps-in-ft.html"
  },
  "original_language": "en",
  "account": "The U.S. Treasury intervened on Friday to support the depreciating Japanese yen, according to a report by the Financial Times. This marked a significant move for Washington, as it was the first such intervention in over a decade. The Federal Reserve Bank of New York sold euros for yen on behalf of the Treasury, with the assistance of Goldman Sachs and Morgan Stanley, as reported by the Financial Times, citing people familiar with the matter. While the exact amount of yen purchased was not disclosed, the Treasury had previously informed several banks of its intention to potentially intervene in the yen market. A Treasury official had written \"Buy Japanese Yen (JPY) $5-10 bil\" on a notepad during a cabinet meeting, indicating the scale of potential intervention. The New York Fed, Morgan Stanley, and Goldman Sachs did not immediately respond to requests for comment on the report. Japan and the United States may unveil a policy to address the yen's weakness as early as next week, Kyodo News reported, citing informed sources. The policy would serve to stabilize markets by warning against speculative bets pressuring the Japanese currency. The U.S. last directly supported the yen in 2011, coordinating with G7 nations after Japan's earthquake and tsunami disaster. The potential intervention by the U.S. Treasury helped boost the yen, with a notable drop in the dollar to around 157.6 yen just before 5 p.m. EDT. Japan may have sold up to $58.97 billion to buy yen on Thursday, according to central bank data. The Japanese Finance Ministry had posted on X that Japan has a \"broad range of tools\" to address market liquidity needs, including access to the Federal Reserve's standing Foreign and International Monetary Authorities Repo Facility, which could help ease funding pressures for intervention.",
  "summary": "It was Washington's first yen-buying intervention with Tokyo in more than a decade as it languishes near 40-year lows.",
  "key_points": [],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/17023.png",
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "US Treasury intervenes to support yen after Japan steps in: Financial Times",
        "url": "https://urgent.news/2026/08/01/us-treasury-intervenes-to-support-yen-after-japan-steps-in-financial",
        "published": "2026-08-01T03:30:00.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "U.S. Treasury intervenes to support yen after Japan steps in, FT reports",
        "url": "https://urgent.news/2026/08/01/u-s-treasury-intervenes-to-support-yen-after-japan-steps-in-ft-reports-19001",
        "published": "2026-08-01T15:44:08.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}