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The US Treasury bought yen on Friday alongside Japan, according to the Financial Times, marking Washington's first yen-buying intervention with Tokyo in over a decade. The Fed's New York branch sold euros for yen on the Treasury's behalf, and a Treasury notepad showed plans to buy $5-10 billion in yen.
Coordinated US and Japanese action signals a sustained push to weaken the dollar against the yen, which can reduce dollar-based commodity prices and shift import costs. The scale of intervention is modest relative to the broader currency market.
streetinsider.comJul 31, 2026After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
