Bull Theory(@BullTheoryio):BREAKING: The US Treasury sold euros to buy Japanese yen on Friday, per FT. The New York Fed executed the sales on the Treasury's behalf, through Goldman Sachs and Morgan Stanley. Notably, the Fed drew down euro reserves rather than dollars to fund the purchases. It marks the first time the US and Japan have jointly intervened to buy yen in nearly 30 years, after the currency fell to its weakest against the dollar since 1986.

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Bull Theory@BullTheoryio

2026.08.01 02:46

BREAKING: The US Treasury sold euros to buy Japanese yen on Friday, per FT. The New York Fed executed the sales on the Treasury's behalf, through Goldman Sachs and Morgan Stanley. Notably, the Fed drew down euro reserves rather than dollars to fund the purchases. It marks the first time the US and Japan have jointly intervened to buy yen in nearly 30 years, after the currency fell to its weakest against the dollar since 1986.