First time in nearly 30 years! Deploying funds equivalent to 500 million euros, New York Fed report confirms joint Japan-US intervention in the yen exchange rate.

Zhitong Finance APP has learned that the Federal Reserve Bank of New York confirmed in a report released on Thursday earlier market reports that the U.S. Treasury Department used about $500 million equivalent of euros from its holdings to support the yen during the coordinated intervention with Japan on July 31.