Macro Finance
Fed Used Treasury Funds to Support Yen in Joint Intervention
Bloomberg Markets·October 7, 2026·1 min read
The Federal Reserve said Wednesday that US participation with Japan in supporting the yen in late July was a Treasury Department move, and that its own funds weren't involved. The clarification comes after the joint intervention, which aimed to stabilize the yen's slide. The Fed emphasized its role was limited to operational support, not direct financial backing.
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