- The yen strengthened more than 1% against both the US dollar and the euro during New York trading on July 31.
- At least two major US banks received requests from the New York Federal Reserve to check the yen’s rate against the euro.
- The move followed growing speculation that Japanese authorities would support the yen through market intervention.
The yen rose more than 1% against the dollar and euro after the New York Fed asked major US banks to check the euro-yen rate.
Bloomberg · 2 days ago