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Washington reportedly sold euros to support yen intervention

The reported approach aimed to avoid disrupting the U.S. Treasury market while the intervention targeted the yen.

Reported · Written up by our desk · Trade & Tariffs

CNBC World reports that U.S. officials have used a euro-to-yen funding method for yen intervention.

According to the report, Washington sold euros to raise funds for the intervention while seeking to limit spillover effects on the U.S. Treasury market.

The outlet frames the move as a way to keep pressures off the Treasury market, described as sensitive.

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