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US Treasury intervenes to support yen through purchases - FT
['Simon Mugo', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
The Federal Reserve Bank of New York sold euros and purchased yen on behalf of the Treasury, according to the report, which cited people familiar with the transaction.
Goldman Sachs Group Inc (NYSE:GS) and Morgan Stanley (NYSE:MS) conducted the trades, the FT said.
Reports of possible U.S. intervention helped strengthen the Japanese currency against the dollar during Friday's session.
The U.S. Treasury, New York Fed and Morgan Stanley were not immediately available for comment outside regular business hours.
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