The United States has not done this in over ten years: they have intervened secretly with billions of dollars in the foreign exchange market.
The U.S. Treasury Department bought Japanese yen on Friday to support the weakening Japanese currency, according to the Financial Times. This was Washington’s first intervention in the yen market in over a decade, as the Japanese currency was trading near its 40-year low.
The U.S. Treasury Department bought Japanese yen on Friday to support the weakened Japanese currency, according to the Financial Times. This was Washington’s first intervention in the yen market in over a decade, as the Japanese currency was trading near its 40-year low.
