According to iM Securities, the U.S. Treasury and Japan undertook coordinated foreign exchange market intervention on July 30-31 to support the yen. Japan's single-day intervention on July 30 reached approximately 6 to 8.5 trillion yen, while the U.S. Treasury engaged in approximately 5 to 10 billion dollars worth of yen purchases. This marks the first joint intervention since 1998.
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