Community Trust ScoreVerified 83 % Real Verified 46 votesThe US Treasury sold euros last week to prop up the Japanese yen. And the European Central Bank didn’t hear about it until it was already done. By offloading euros instead, the US could move the yen without touching its own dollar reserves. Frequently Asked Questions Why did the US Treasury sell euros instead of dollars to support the yen? Selling dollars would have signaled a retreat from the strong-dollar policy championed by Scott Bessent, so the Treasury offloaded euros instead to avoid depleting dollar reserves while still moving the yen.