Japan's government and central bank are reported to have intervened in the foreign exchange market for the second consecutive day on Friday, buying yen.
According to a report, Japanese authorities executed the intervention through a series of operations on Friday.
Citing multiple market participants, the report indicates that the U.S. Treasury also notified several banks about the potential for yen-buying intervention, requesting they be prepared. Additionally, the New York Federal Reserve conducted a rate inquiry for the euro-yen trade.
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