The Federal Reserve's own funds were not involved in the operation, the bank stated in minutes released Wednesday. The intervention was a Treasury Department move, and the New York Fed acted solely as the executing agent to manage the market activity.
Tuesday, October 20, 2026
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New York Fed Intervened in FX Market to Support Yen
Global Markets13 days ago
The US Treasury Department coordinated with Tokyo in late July to execute currency trades that would bolster the Japanese currency. The New York Fed carried out these foreign exchange interventions on behalf of the government to stabilize the value of the yen.
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