The report said that the US Treasury Department intervened in the Japanese yen exchange market on Friday, and this is also the first time in nearly 30 years that Tokyo and Washington have joined forces to support the Japanese currency by directly buying yen. The report quoted three people familiar with the matter as saying that the Federal Reserve Bank of New York made an unusual move on behalf of the US Treasury Department — selling euros to buy yen. Two people familiar with the matter revealed to the newspaper that the deal was handled through Goldman Sachs and Morgan Stanley. The New York Federal Reserve and Goldman Sachs declined to comment.

The report said that the US Treasury Department intervened in the Japanese yen exchange market on Friday, and this is also the first time in nearly 30 years that Tokyo and Washington have joined forces to support the Japanese currency by directly buying yen. The report quoted three people familiar with the matter as saying that the Federal Reserve Bank of New York made an unusual move on behalf of the US Treasury Department — selling euros to buy yen. Two people familiar with the matter revealed to the newspaper that the deal was handled through Goldman Sachs and Morgan Stanley. The New York Federal Reserve and Goldman Sachs declined to comment.