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flag The Fed briefly checked dollar-yen rates at Treasury's request, spurring market reaction and speculation about U.S. currency intervention.

flag 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. flag 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. flag 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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