Japan sells nearly $90 billion in US Treasuries to fund record Yen intervention

85FINANCE

Japan sells nearly $90 billion in US Treasuries to fund record Yen intervention

⚡ Markets: Massive selling of US Treasuries by a major foreign holder puts upward pressure on US bond yields. The intervention creates significant volatility in the USD/JPY pair, one of the world's most traded currency pairs.USDJPYUS10Y

The Japanese Yen surged to a six-month high against the dollar amid expectations of Bank of Japan policy tightening and currency intervention. Official data revealed Japan's foreign reserves fell by a record $80 billion in August, with reports indicating it sold nearly $90 billion in US Treasuries to finance its efforts to prop up the Yen.

West MSM: noneFinancial press 3West Right 1Regional 43 countries

8 sources across the spectrum

Financial pressFinancial Times — Yen surges to 6-month high as traders stay alert for signs of intervention

Financial pressNikkei Asia — Yen makes sudden jump to 154 range against dollar

Financial pressCNBC — Japan's foreign reserves drop by a record $80 billion in August following yen intervention

West RightZeroHedge — Japan Sold Almost $90 Billion In Treasuries To Fund Record Yen Intervention

RegionalJapan Times — Bessent pushes BOJ as he signals end of Abenomics

RegionalJapan Times — Yen rises to highest since February, topping intervention rally

RegionalJapan Times — Japan likely sold Treasurys to fund record yen intervention

RegionalJapan Times — Weak yen not always good for Tokyo stocks, some analysts say

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