US Treasury Makes Rare Yen Purchase as Japan Battles Currency Slide
Washington's direct market intervention marks a sharp departure from decades of hands-off policy as the yen hovers near four-decade lows
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Washington's direct market intervention marks a sharp departure from decades of hands-off policy as the yen hovers near four-decade lows

Washington alerts major banks to stand ready as Japanese currency rebounds from four-decade lows

A Reuters photograph captured the Treasury Secretary's to-do list during a Camp David cabinet meeting, signaling potential intervention in Japan's currency market

Washington tells currency traders to prepare for potential additional operations as yen climbs to highest level in two and a half months

Washington steps into currency markets alongside Tokyo as the yen trades near four-decade lows, deploying major Wall Street banks to execute purchases

Treasury notifies major banks to prepare for possible currency action as dollar-yen swings threaten Asia-Pacific stability

Treasury maintains monitoring despite Seoul's current account surplus and robust economic indicators