Currencies
New York Fed report confirms size of Washington’s move to support Japanese currency
Japanese Finance Minister Satsuki Katayama and U.S. Treasury Secretary Scott Bessent worked together to stop a yen sell-off. (Source photos by Nikkei, Reuters)
MASAYUKI SHIKATA
November 14, 2026 06:24 JST
NEW YORK — The U.S. Treasury bought 79.4 billion yen ($497 million) in a coordinated intervention with Japan in the foreign exchange market on July 31, figures released Thursday by the Federal Reserve Bank of New York show.