{
  "id": 19001,
  "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",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-01T15:44:08.000Z",
  "source": {
    "name": "CNBC World",
    "slug": "cnbc-world",
    "url": "https://www.cnbc.com/2026/08/01/us-treasury-intervenes-to-support-yen-after-japan-steps-in-ft.html"
  },
  "original_language": "en",
  "account": "On Friday, the U.S. Treasury took action to bolster the yen, the Japanese currency, which had been at rock bottom levels. The Financial Times revealed this intervention, marking the first time Washington had done so with Tokyo in over a decade. The Federal Reserve Bank of New York sold euros to acquire yen on behalf of the Treasury, with Goldman Sachs and Morgan Stanley acting as intermediaries. The specific amount of yen purchased by the U.S. Treasury was not disclosed. Earlier, the Treasury had informed several banks of its potential intervention and instructed them to be prepared for future action. Treasury Secretary Scott Bessent's notepad at a cabinet meeting showed notes about buying Japanese Yen for $5-10 billion. The New York Fed and Morgan Stanley did not immediately respond to requests for comment on the Financial Times report. Japan and the U.S. may announce a policy to address the yen's weakness as early as next week, according to Kyodo News. This move would aim to prevent speculative bets from further weakening the currency and stabilize markets. The U.S. last directly supported the yen in 2011, aligning with other Group of Seven nations after Japan's earthquake and tsunami disaster. News of the potential Treasury intervention helped the yen recover, with the dollar falling to around 157.6 yen by late afternoon trading. Japan had reportedly sold up to $58.97 billion to buy yen on Thursday. The Finance Ministry in Japan posted on X that they have \"a broad range of tools\" to address market liquidity needs and remain prepared to use available tools, including access to the Federal Reserve's standing Foreign and International Monetary Authorities Repo Facility, to support market functioning.",
  "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": null,
  "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",
        "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",
        "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."
}