US Treasury yen market intervention strategy
The developments in this story so far, most recent first.
-
Development
Bessent's notepad at Camp David lists buying $5-10 billion yen
-
· date approximate Background
The U.S. Treasury joined G7 countries in a coordinated action to support the yen following the Japan earthquake and tsunami.
Following a devastating earthquake and tsunami in 2011, the U.S. Treasury joined other G7 countries in a coordinated action aimed at supporting the value of the yen.
Reports indicate that the U.S. Treasury has not engaged in interventions to prop up the yen since that 2011 period.