The move comes after the central bank indicated possible intervention, with an expected announcement likely to serve as a warning against speculation.
A monitor displays the Japanese Yen exchange rate against the dollar next to a U.S. flag at a dealing room of the foreign exchange trading company Gaitame.com in Tokyo, Japan, on July 31.
REUTERS/YONHAP
The U.S. Treasury bought yen on Friday to support the battered Japanese currency, the Financial Times (FT) reported, marking Washington’s first yen-buying intervention with Tokyo in more than a decade as it languishes near 40-year lows.
The Federal Reserve Bank of New York sold euros for yen on behalf of the Treasury through Goldman Sachs and Morgan Stanley, the FT said, citing people familiar with the matter. The report did not indicate any…
