New York Fed Confirms US Treasury Bought 79.4 Billion Yen in July

New York, 13 November 2026 – The United States Department of the Treasury bought 79.4 billion Japanese yen on 31 July, the Federal Reserve Bank of New York disclosed on 12 November in its third-quarter foreign exchange report. The New York Fed executed the purchase for the Treasury, selling euros from the Exchange Stabilization Fund. The report said the Federal Reserve did not intervene on its own account during the July–September quarter. The disclosure confirms a July transaction, not a new purchase in November.

For Asian businesses and investors, the report clarifies who intervened, when and with what funds. The United States and Japan both bought yen, but their operations were separate and differed in scale. That matters for companies that hedge yen receipts or payments: the evidence shows the authorities can act together in response to disorderly markets. It does not establish an exchange-rate target or signal that another operation is imminent.