ECB learned of US intervention to sell euros and buy yen only after trades were executed, FT reports
Digital FinanceGeopolitics
The European Central Bank only learned of the historic US currency intervention to sell euros and buy yen last week after the trades were executed, the Financial Times reported, citing multiple people familiar with the matter. Japan and the United States carried out an unusual coordinated yen-buying intervention on July 31 and indicated they would take further steps if needed to support the yen. Reuters has not been able to immediately confirm the report.
