Wednesday, October 5, 2022
HomeEconomyUS Treasury acknowledges BOJ's foreign exchange intervention

US Treasury acknowledges BOJ's foreign exchange intervention

WASHINGTON (Reuters) – The U.S. Treasury Department on Thursday acknowledged the Bank of Japan’s intervention in foreign exchange markets, but declined to support it.

“The Bank of Japan intervened in the foreign exchange market today. We understand Japan’s actions, which it claims are aimed at reducing the recent sharp volatility in the yen,” a Treasury spokesman said when asked about currency intervention.

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