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The US Treasury intervened directly in currency markets to buy Japanese yen, joining Tokyo's efforts to rescue the currency from near 40-year lows.

<nh-chunk-delimit /> According to the Financial Times, the Federal Reserve Bank of New York sold euros to purchase yen via major investment banks. Marking Washington&apos;s first direct support for the yen since 2011, the rare joint intervention successfully triggered a sharp rally for the Japanese currency.

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Transatlantic Rescue: US Treasury Steps In to Support Battered Yen #DH_SHARE_URL# By TechShots via Dailyhunt

Transatlantic Rescue: US Treasury Steps In to Support Battered Yen

https://www.techshotsapp.com/world/transatlantic-rescue-us-treasury-steps-in-to-support-battered-yen