Source: CNBC
“Japan’s finance ministry said Monday it had conducted a coordinated yen-buying operation with the U.S. Treasury on Friday, marking a rare joint move by the two allies to stem sharp swings in the Japanese currency. … The ministry also announced plans to utilize the Federal Reserve’s foreign and international monetary authorities repo facility in the future. FIMA repo facility allows approved foreign central banks and monetary authorities to obtain short-term dollars by temporarily exchanging U.S. Treasury securities. U.S. Treasury Secretary Scott Bessent also confirmed the coordinated action in a statement, saying, ‘Friday’s coordinated foreign exchange actions countered disorderly yen movements.'” (08/02/26)
https://www.cnbc.com/2026/08/03/yen-intervention-us-japan-trump-bessent-katayama.html