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The Fed briefly checked dollar-yen rates at Treasury's request, spurring market reaction and speculation about U.S. currency intervention.
The Federal Reserve conducted a rare "rate check" on the dollar-yen exchange rate in late January at the U.S. Treasury’s request, prompting a sharp drop in the dollar’s value.
The move, revealed in Fed meeting minutes, involved seeking indicative quotes for a large yen purchase, signaling potential coordination with Japan to weaken the dollar and boost U.S. exports.
While no major intervention occurred, the action sparked market shifts and raised speculation about a renewed U.S. focus on currency stability, despite official denials of active forex intervention.
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La Fed revisó brevemente las tasas del dólar-yen a petición del Tesoro, estimulando la reacción del mercado y la especulación sobre la intervención monetaria de los Estados Unidos.