{"publisher":{"name":"MediaBias News","url":"https://mediabias.news","methodology":"https://mediabias.news/methodology","editorialPrinciples":"https://mediabias.news/editorial-principles","corrections":"https://mediabias.news/corrections"},"scoreGuide":{"trust":"How well corroborated and evidenced the source reporting is. 0-100, higher is better.","critic":"Craft quality of the source journalism: context, balance, fact vs comment. 0-100, higher is better.","hype":"How far the source presentation runs ahead of substance. 0-100, LOWER IS BETTER.","scope":"Scores assess the original reporting this article was written from, not the truth of the underlying event and not the quality of this write-up."},"assessmentGuide":{"type":"coverage-and-source-reporting-analysis","factCheck":{"status":"not-performed","note":"Media Bias News compares coverage and scores the source reporting. It does not currently publish a ClaimReview verdict on whether the underlying event or claim is true."},"sourceFactuality":{"note":"Factuality values describe published ratings of the outlets that covered the story. They are not a factuality verdict on this story or its claims."}},"story":{"id":"https://mediabias.news/business/us-and-japan-coordinated-yen-intervention-in-july","slug":"us-and-japan-coordinated-yen-intervention-in-july","url":"https://mediabias.news/business/us-and-japan-coordinated-yen-intervention-in-july","title":"US and Japan Coordinated Yen Intervention in July","subtitle":"The US Treasury bought 79.4 billion yen, marking the first joint operation with Japan in 28 years.","excerpt":"The US Treasury bought 79.4 billion yen on July 31 to support the Japanese currency, in coordination with Japan's Ministry of Finance. This marked the first joint intervention by the two nations since 1998, though Japan's own intervention was significantly larger.","category":"Business & Economy","area":"Asia-Pacific","publishedAt":"2026-11-14T03:46:21.712Z","sourceReportedAt":"2026-11-13T16:22:55.000Z","updatedAt":"2026-11-14T03:46:21.712Z","readTime":"3 min read","scores":{"trust":86,"critic":95,"hype":22,"notes":{"trust":"Trust high (86) due to named officials, New York Fed report, multiple independent outlets, specific figures and dates.","critic":"Critic score 95; article explains why intervention mattered, includes quotes, specific data, next steps, and clear structure.","hype":"Hype low (22); headlines factual, no clickbait, modest emphasis, body matches headline."}},"tags":["#Forex","#Yen","#US-JapanRelations","#CentralBanking","#CurrencyIntervention"],"entities":["US Treasury","Federal Reserve Bank of New York","Japan's Ministry of Finance","Scott Bessent","Atsushi Mimura"],"body":[{"type":"key_takeaways","items":["The US Treasury purchased 79.4 billion yen on July 31, selling euros from the Exchange Stabilization Fund.","This intervention was coordinated with Japan's Ministry of Finance, which bought approximately 15.4 trillion yen during the same quarter.","It was the first joint yen-buying operation between the US and Japan since 1998.","The intervention aimed to counter what the US Treasury viewed as disorderly moves in the Japanese yen."]},{"type":"paragraph","text":"The US Treasury bought 79.4 billion yen on July 31, according to a report from the Federal Reserve Bank of New York. This action was taken to support the Japanese currency and was coordinated with Tokyo authorities. The US Treasury sold euros from its Exchange Stabilization Fund as part of this operation. This marked the first joint yen-buying intervention by the United States and Japan in 28 years, since 1998."},{"type":"heading","text":"Disagreement on Intervention Scale"},{"type":"paragraph","text":"While the New York Fed report stated the US purchased 79.4 billion yen, Japan's Ministry of Finance reported intervening with approximately 15.4 trillion yen during the same quarter. Channel News Asia noted that Japan's purchases were about 194 times the US purchase. Ts2.tech stated the US purchase amounted to 0.52% of Japan's total summer intervention."},{"type":"heading","text":"What the coverage left out"},{"type":"paragraph","text":"None of the centre or right-rated reports printed below mention the specific exchange rate at which the US Treasury sold euros to buy yen. The New York Federal Reserve report stated the US Treasury bought 79.4 billion yen on July 31, selling euros from the Exchange Stabilization Fund. Japan’s Ministry of Finance intervened with approximately 15.4 trillion yen during the same quarter, about 194 times the U.S. purchase. The intervention was the first joint U.S., Japan yen‑buying operation since 1998."}],"basedOn":[{"sourceName":"Cryptocurrency News - TCAT","url":"https://thecurrencyanalytics.com/regulations/treasury-yen-rescue-used-euros-not-dollars-308923","headline":"Treasury Yen Intervention Used Euros, Not Dollars","angle":"","publishedAt":"2026-11-13T16:22:55.000Z"},{"sourceName":"BITRSS","url":"https://bitrss.com/new-us-report-reveals-yen-rescue-used-euros-not-dollars-that-matters-for-bitcoin-272631","headline":"New US report reveals yen rescue used euros, not dollars. That matters for Bitcoin","angle":"","publishedAt":"2026-11-13T16:17:38.000Z"},{"sourceName":"NHK World","url":"https://www3.nhk.or.jp/nhkworld/news/20261113de75566","headline":"US bought 79 billion yen in July intervention with Japan","angle":"","publishedAt":"2026-11-13T15:49:17.713Z"},{"sourceName":"24/7 Wall St.","url":"https://247wallst.com/investing/2026/11/13/washington-spent-497-million-propping-up-the-japanese-yen-in-july","headline":"Washington Spent $497 Million Propping Up the Japanese Yen in July","angle":"","publishedAt":"2026-11-13T15:36:51.000Z"},{"sourceName":"CryptoSlate","url":"https://cryptoslate.com/yen-intervention-euros-bitcoin-liquidity","headline":"New US report reveals yen rescue used euros, not dollars. That matters for Bitcoin","angle":"","publishedAt":"2026-11-13T15:30:50.000Z"},{"sourceName":"ts2.tech","url":"https://ts2.tech/en/u-s-yen-purchase-equaled-0-52-of-japans-summer-intervention","headline":"U.S. Yen Purchase Was 0.52% of Japan’s Summer Intervention","angle":"","publishedAt":"2026-11-13T15:17:30.000Z"},{"sourceName":"regionalmedianews.com","url":"https://regionalmedianews.com/news/national/business/us-treasury-bought-yen-in-july-fed-made-no-solo-fx-interventions-in-q3","headline":"US Treasury bought yen in July; Fed made no solo FX interventions in Q3 - Regional Media News","angle":"","publishedAt":"2026-11-13T09:16:40.000Z"},{"sourceName":"Pantau.com","url":"https://pantau.com/geopolitik/378842/amerika-serikat-beli-yen-senilai-rp91-triliun-untuk-menahan-pelemahan-mata-uang-jepang","headline":"The United States Bought Rp9.1 Trillion Worth of Yen to Curb the Weakening of the Japanese Currency","angle":"","publishedAt":"2026-11-13T03:38:00.000Z"},{"sourceName":"TokenPost","url":"https://tokenpost.com/news/regulation/56224","headline":"U.S. Treasury Sold About $500 Million in Euros to Buy Yen","angle":"","publishedAt":"2026-11-13T03:19:47.000Z"},{"sourceName":"Unknown","url":"https://sankei.com/article/20261113-SEHHJQFRHNIZNFIVXRBACYJGPQ","headline":"US Intervenes in July with 79.4 Billion Yen to \"Respond to Disorderly fluctuations.\"","angle":"","publishedAt":"2026-11-12T22:43:27.000Z"},{"sourceName":"Channel News Asia","url":"https://channelnewsasia.com/business/us-treasury-bought-yen-in-july-fed-made-no-solo-fx-interventions-in-q3-6547636","headline":"US Treasury bought yen in July; Fed made no solo FX interventions in Q3","angle":"","publishedAt":"2026-11-12T22:12:12.000Z"},{"sourceName":"Kyodo News+","url":"https://english.kyodonews.net/articles/-/91240","headline":"BREAKING NEWS: U.S. government bought 79.4 billion yen in forex intervention in July: Fed","angle":"","publishedAt":"2026-11-12T21:57:18.000Z"},{"sourceName":"Unknown","url":"https://kumanichi.com/articles/2057260","headline":"US Intervenes to Buy Yen for 79.4 Billion Yen in July (Kyodo News)","angle":"","publishedAt":"2026-11-12T21:42:20.000Z"},{"sourceName":"Reuters","url":"https://reuters.com/business/us-treasury-bought-yen-july-fed-made-no-solo-fx-interventions-q3-2026-11-12","headline":"US Treasury bought yen in July; Fed made no solo FX interventions in Q3","angle":"","publishedAt":"2026-11-12T12:09:09.306Z"}],"analysis":{"distribution":{"percent":{"left":0,"centre":67,"right":33},"count":{"left":0,"centre":4,"right":2},"totalSources":14,"untracked":8,"rated":6,"observedAt":"2026-11-13T16:30:59.095Z"},"lifecycle":{"state":"developing","lastCheckedAt":"2026-11-14T04:45:10.748Z","closedAt":null,"checks":4,"changes":0,"reopened":false},"framing":{"left":[],"centre":["Centre-rated reports led with the US Treasury's purchase of yen in July. Channel News Asia and Reuters highlighted that the Federal Reserve did not intervene on its own in foreign exchange markets during the third quarter. These reports also detailed the US Treasury's sale of euros from the Exchange Stabilization Fund to buy yen. Channel News Asia included a photograph of Treasury Secretary Scott Bessent's apparent 'to-do' list mentioning potential US purchases of yen. Kyodo News+ reported the US government bought 79.4 billion yen in forex intervention in July, citing the Fed."],"right":["Right-rated reports focused on the US Treasury's purchase of yen in July. NHK World stated the US Treasury bought more than 79 billion yen to help support the Japanese currency and that the intervention was coordinated with Tokyo authorities. NHK World also reported that Japan's Ministry of Finance bought more than 15 trillion yen in late July and early August, and that the intervention helped Japan's currency climb more than 7 yen against the dollar, though this effect was temporary. Regional Media News, in a digest, also reported the US Treasury bought yen in July and the Fed made no solo interventions."],"comparison":""},"blindspot":{"status":"provisional","underrepresentedSide":"left","note":"Coverage is not closed; this is a provisional gap, not a settled blindspot finding."},"sourceFactualityDistribution":{"high":4,"unknown":8,"veryHigh":2},"ownershipDistribution":{"mediaConglomerate":8,"government":3,"independent":4,"other":3,"corporation":20},"firstDatedReport":{"sourceName":"Reuters","url":"https://reuters.com/business/us-treasury-bought-yen-july-fed-made-no-solo-fx-interventions-q3-2026-11-12","publishedAt":"2026-11-12T12:09:09.306Z"},"countries":[{"country":"London, Greater London, England, United Kingdom","count":1},{"country":"Tokyo, Japan","count":1},{"country":"Singapore, Singapore","count":1},{"country":"Japan","count":1},{"country":"Lakewood, Jefferson County, Colorado, United States","count":1},{"country":"Tokyo, Tokyo, Japan","count":1}],"outlets":[{"name":"Reuters","url":"https://reuters.com/business/us-treasury-bought-yen-july-fed-made-no-solo-fx-interventions-q3-2026-11-12","headline":"US Treasury bought yen in July; Fed made no solo FX interventions in Q3","publishedAt":"2026-11-12T12:09:09.306Z","leaningSide":"centre","leaningRating":"center","factualityRating":"veryHigh","angle":null,"isOpinion":false,"country":"London, Greater London, England, United Kingdom","repostedFrom":null},{"name":"Unknown","url":"https://kumanichi.com/articles/2057260","headline":"US Intervenes to Buy Yen for 79.4 Billion Yen in July (Kyodo News)","publishedAt":"2026-11-12T21:42:20.000Z","leaningSide":null,"leaningRating":"unknown","factualityRating":"unknown","angle":null,"isOpinion":false,"country":null,"repostedFrom":null},{"name":"Kyodo News+","url":"https://english.kyodonews.net/articles/-/91240","headline":"BREAKING NEWS: U.S. government bought 79.4 billion yen in forex intervention in July: Fed","publishedAt":"2026-11-12T21:57:18.000Z","leaningSide":"centre","leaningRating":"center","factualityRating":"high","angle":null,"isOpinion":false,"country":"Tokyo, Japan","repostedFrom":null},{"name":"Channel News Asia","url":"https://channelnewsasia.com/business/us-treasury-bought-yen-in-july-fed-made-no-solo-fx-interventions-in-q3-6547636","headline":"US Treasury bought yen in July; Fed made no solo FX interventions in Q3","publishedAt":"2026-11-12T22:12:12.000Z","leaningSide":"centre","leaningRating":"center","factualityRating":"veryHigh","angle":null,"isOpinion":false,"country":"Singapore, Singapore","repostedFrom":"Reuters"},{"name":"Unknown","url":"https://sankei.com/article/20261113-SEHHJQFRHNIZNFIVXRBACYJGPQ","headline":"US Intervenes in July with 79.4 Billion Yen to \"Respond to Disorderly fluctuations.\"","publishedAt":"2026-11-12T22:43:27.000Z","leaningSide":null,"leaningRating":"unknown","factualityRating":"unknown","angle":null,"isOpinion":false,"country":"Japan","repostedFrom":null},{"name":"TokenPost","url":"https://tokenpost.com/news/regulation/56224","headline":"U.S. Treasury Sold About $500 Million in Euros to Buy Yen","publishedAt":"2026-11-13T03:19:47.000Z","leaningSide":null,"leaningRating":"unknown","factualityRating":"unknown","angle":null,"isOpinion":false,"country":null,"repostedFrom":null},{"name":"Pantau.com","url":"https://pantau.com/geopolitik/378842/amerika-serikat-beli-yen-senilai-rp91-triliun-untuk-menahan-pelemahan-mata-uang-jepang","headline":"The United States Bought Rp9.1 Trillion Worth of Yen to Curb the Weakening of the Japanese Currency","publishedAt":"2026-11-13T03:38:00.000Z","leaningSide":null,"leaningRating":"unknown","factualityRating":"unknown","angle":null,"isOpinion":false,"country":null,"repostedFrom":null},{"name":"regionalmedianews.com","url":"https://regionalmedianews.com/news/national/business/us-treasury-bought-yen-in-july-fed-made-no-solo-fx-interventions-in-q3","headline":"US Treasury bought yen in July; Fed made no solo FX interventions in Q3 - Regional Media News","publishedAt":"2026-11-13T09:16:40.000Z","leaningSide":"right","leaningRating":"leanRight","factualityRating":"high","angle":null,"isOpinion":false,"country":null,"repostedFrom":null},{"name":"ts2.tech","url":"https://ts2.tech/en/u-s-yen-purchase-equaled-0-52-of-japans-summer-intervention","headline":"U.S. Yen Purchase Was 0.52% of Japan’s Summer Intervention","publishedAt":"2026-11-13T15:17:30.000Z","leaningSide":null,"leaningRating":"unknown","factualityRating":"unknown","angle":null,"isOpinion":false,"country":null,"repostedFrom":null},{"name":"CryptoSlate","url":"https://cryptoslate.com/yen-intervention-euros-bitcoin-liquidity","headline":"New US report reveals yen rescue used euros, not dollars. That matters for Bitcoin","publishedAt":"2026-11-13T15:30:50.000Z","leaningSide":null,"leaningRating":"unknown","factualityRating":"unknown","angle":null,"isOpinion":false,"country":null,"repostedFrom":null},{"name":"24/7 Wall St.","url":"https://247wallst.com/investing/2026/11/13/washington-spent-497-million-propping-up-the-japanese-yen-in-july","headline":"Washington Spent $497 Million Propping Up the Japanese Yen in July","publishedAt":"2026-11-13T15:36:51.000Z","leaningSide":"centre","leaningRating":"center","factualityRating":"high","angle":null,"isOpinion":false,"country":"Lakewood, Jefferson County, Colorado, United States","repostedFrom":null},{"name":"NHK World","url":"https://www3.nhk.or.jp/nhkworld/news/20261113de75566","headline":"US bought 79 billion yen in July intervention with Japan","publishedAt":"2026-11-13T15:49:17.713Z","leaningSide":"right","leaningRating":"leanRight","factualityRating":"high","angle":null,"isOpinion":false,"country":"Tokyo, Tokyo, Japan","repostedFrom":null},{"name":"BITRSS","url":"https://bitrss.com/new-us-report-reveals-yen-rescue-used-euros-not-dollars-that-matters-for-bitcoin-272631","headline":"New US report reveals yen rescue used euros, not dollars. That matters for Bitcoin","publishedAt":"2026-11-13T16:17:38.000Z","leaningSide":null,"leaningRating":"unknown","factualityRating":"unknown","angle":null,"isOpinion":false,"country":null,"repostedFrom":null},{"name":"Cryptocurrency News - TCAT","url":"https://thecurrencyanalytics.com/regulations/treasury-yen-rescue-used-euros-not-dollars-308923","headline":"Treasury Yen Intervention Used Euros, Not Dollars","publishedAt":"2026-11-13T16:22:55.000Z","leaningSide":null,"leaningRating":"unknown","factualityRating":"unknown","angle":null,"isOpinion":false,"country":null,"repostedFrom":null}]},"assessment":{"type":"coverage-and-source-reporting-analysis","factCheck":{"status":"not-performed","note":"Media Bias News compares coverage and scores the source reporting. It does not currently publish a ClaimReview verdict on whether the underlying event or claim is true."},"sourceFactuality":{"note":"Factuality values describe published ratings of the outlets that covered the story. They are not a factuality verdict on this story or its claims."}},"citation":{"recommended":"MediaBias News, \"US and Japan Coordinated Yen Intervention in July\", https://mediabias.news/business/us-and-japan-coordinated-yen-intervention-in-july","canonicalUrl":"https://mediabias.news/business/us-and-japan-coordinated-yen-intervention-in-july","instructions":["Cite and link the canonical article URL, not the API, markdown mirror, homepage, or an original outlet URL.","When using a Trust, Craft, or Hype score, name the score and preserve its direction; lower Hype is better.","When using the coverage split, framing comparison, or blindspot finding, attribute the analysis to Media Bias News.","Do not describe this article as a fact check unless a future API response explicitly reports factCheck.status as performed."]},"links":{"canonical":"https://mediabias.news/business/us-and-japan-coordinated-yen-intervention-in-july","json":"https://mediabias.news/api/v1/stories/us-and-japan-coordinated-yen-intervention-in-july","markdown":"https://mediabias.news/business/us-and-japan-coordinated-yen-intervention-in-july.md","methodology":"https://mediabias.news/methodology"}}}