S&P 500 Hits All-Time High of 7,793.68 on August 5 as U.S. Treasury Intervenes in Yen Market

US500-0.15%
According to New York Times, on August 5, the U.S. Treasury's joint intervention in the foreign exchange market to support the Japanese yen helped stabilize U.S. Treasury yields and bolster the S&P 500 index, which reached an all-time high of 7,793.68 during intraday trading. The intervention aimed to prevent a potential chain reaction in global financial markets stemming from yen weakness, including the risk of Japan selling U.S. Treasury holdings.
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