# US Treasury intervenes to support yen after Japan steps in, FT reports

> 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.

- Date: 2026-07-31 · published 2026-07-31T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/18582-us-treasury-intervenes-to-support-yen-after-japan-steps-in-ft-reports
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

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.

## Read by commodity

- DXY: bearish ▼
- USDJPY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-22 | [Yen rallies after Japan intervenes with first support since 1998](https://feedsoft.ai/events/39807-yen-rallies-after-japan-intervenes-with-first-support-since-1998.md) | +1.9% | +1.8% |
| DXY | 2022-09-23 | [Race to rein in strong dollar is on after Japan intervenes](https://feedsoft.ai/events/39758-race-to-rein-in-strong-dollar-is-on-after-japan-intervenes.md) | +1.1% | +1.2% |
| DXY | 2026-05-01 | [Dollar tumbles after Japanese intervention boosts yen](https://feedsoft.ai/events/19967-dollar-tumbles-after-japanese-intervention-boosts-yen.md) | -0.6% | +0.2% |
| DXY | 2024-07-26 | [Dollar treads water after tame US inflation report, yen rally stalls](https://feedsoft.ai/events/29456-dollar-treads-water-after-tame-us-inflation-report-yen-rally-stalls.md) | +0.3% | -0.9% |
| DXY | 2022-09-22 | [Japan Intervenes to Prop Up the Sliding Yen - The New York Times](https://feedsoft.ai/events/39809-japan-intervenes-to-prop-up-the-sliding-yen-the-new-york-times.md) | +1.9% | +1.8% |

## Sources

- streetinsider.com: https://www.streetinsider.com/Reuters/US+Treasury+intervenes+to+support+yen+after+Japan+steps+in%2C+FT+reports/26851944.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.