Washington uses the euro to fund its intervention
to support the yen without notifying the European Central Bank
The Financial Times reported that the European Central Bank received no prior notification about the United States’ move to sell euros and buy yen during the historic joint intervention with Japan last week. It learned of the process after it had been carried out, according to people familiar with the matter.
The United States and Japan had carried out a rare joint intervention in the currency market to buy the yen, aiming to support the Japanese currency after its sharp decline, with both countries stressing their readiness to take further action if needed.
According to the report, the United States used euros to finance part of its yen purchases instead of dollars—an approach intended to avoid interpreting the operation as a move to weaken the U.S. currency.
#SKHynixToInvest19.1TWonInM17Plant #BrentClimbs3.8%To$82.49 #GoldBreaksOutFromJanuaryDowntrend #DeepSeekResumes$8BFundingRound $TRUMP
$XAU
to support the yen without notifying the European Central Bank
The Financial Times reported that the European Central Bank received no prior notification about the United States’ move to sell euros and buy yen during the historic joint intervention with Japan last week. It learned of the process after it had been carried out, according to people familiar with the matter.
The United States and Japan had carried out a rare joint intervention in the currency market to buy the yen, aiming to support the Japanese currency after its sharp decline, with both countries stressing their readiness to take further action if needed.
According to the report, the United States used euros to finance part of its yen purchases instead of dollars—an approach intended to avoid interpreting the operation as a move to weaken the U.S. currency.
#SKHynixToInvest19.1TWonInM17Plant #BrentClimbs3.8%To$82.49 #GoldBreaksOutFromJanuaryDowntrend #DeepSeekResumes$8BFundingRound $TRUMP
$XAU