--- title: "US and Japan Coordinated Yen Intervention in July" publication: "MediaBias News" url: "https://mediabias.news/business/us-and-japan-coordinated-yen-intervention-in-july" api: "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" audio: "https://mediabias.news/api/audio/us-and-japan-coordinated-yen-intervention-in-july" category: "Business & Economy" area: "Asia-Pacific" published: "2026-11-14T03:46:21.712Z" source_reported: "2026-11-13T16:22:55.000Z" updated: "2026-11-14T03:46:21.712Z" trust_score: 86 critic_score: 95 hype_score: 22 assessment_type: "coverage-and-source-reporting-analysis" fact_check_status: "not-performed" coverage_measured: "2026-11-13T16:30:59.095Z" --- # US and Japan Coordinated Yen Intervention in July *The US Treasury bought 79.4 billion yen, marking the first joint operation with Japan in 28 years.* **Scores for the source reporting** (0-100, assessing the original journalism this article was written from, not this write-up): - Trust 86 of 100, higher is better. Trust high (86) due to named officials, New York Fed report, multiple independent outlets, specific figures and dates. - Craft 95 of 100, higher is better. Critic score 95; article explains why intervention mattered, includes quotes, specific data, next steps, and clear structure. - Hype 22 of 100, lower is better. Hype low (22); headlines factual, no clickbait, modest emphasis, body matches headline. Scored by MediaBias News; method at https://mediabias.news/methodology. **The short version** - 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. 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. ## Disagreement on Intervention Scale 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. ## What the coverage left out 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. ## Who covered it Shares of the 6 covering outlets with a published leaning rating: - Left: 0% (0) - Centre: 67% (4) - Right: 33% (2) 8 of 14 covering outlets carried no usable leaning rating and were excluded from those percentages. Coverage measured 2026-11-13T16:30:59.095Z. **Coverage watch:** developing. Checked 4 times; 0 checks found a material change. Most recently checked 2026-11-14T04:45:10.748Z. ## How the sides framed it ### Left No separate framing summary. ### 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. **Provisional coverage gap:** left. The watch is not closed, so this is not yet a settled blindspot finding. ## Factuality profile of the covering outlets These are published factuality ratings of the outlets, not a verdict on whether this story or its claims are true. - high: 4 - unknown: 8 - veryHigh: 2 ## Verification scope This page compares coverage and scores the source reporting. It is not a ClaimReview verdict on whether the underlying event or claim is true. ## Original reporting this was written from - [Cryptocurrency News - TCAT](https://thecurrencyanalytics.com/regulations/treasury-yen-rescue-used-euros-not-dollars-308923) — Treasury Yen Intervention Used Euros, Not Dollars - [BITRSS](https://bitrss.com/new-us-report-reveals-yen-rescue-used-euros-not-dollars-that-matters-for-bitcoin-272631) — New US report reveals yen rescue used euros, not dollars. That matters for Bitcoin - [NHK World](https://www3.nhk.or.jp/nhkworld/news/20261113de75566) — US bought 79 billion yen in July intervention with Japan - [24/7 Wall St.](https://247wallst.com/investing/2026/11/13/washington-spent-497-million-propping-up-the-japanese-yen-in-july) — Washington Spent $497 Million Propping Up the Japanese Yen in July - [CryptoSlate](https://cryptoslate.com/yen-intervention-euros-bitcoin-liquidity) — New US report reveals yen rescue used euros, not dollars. That matters for Bitcoin - [ts2.tech](https://ts2.tech/en/u-s-yen-purchase-equaled-0-52-of-japans-summer-intervention) — U.S. Yen Purchase Was 0.52% of Japan’s Summer Intervention - [regionalmedianews.com](https://regionalmedianews.com/news/national/business/us-treasury-bought-yen-in-july-fed-made-no-solo-fx-interventions-in-q3) — US Treasury bought yen in July; Fed made no solo FX interventions in Q3 - Regional Media News - [Pantau.com](https://pantau.com/geopolitik/378842/amerika-serikat-beli-yen-senilai-rp91-triliun-untuk-menahan-pelemahan-mata-uang-jepang) — The United States Bought Rp9.1 Trillion Worth of Yen to Curb the Weakening of the Japanese Currency - [TokenPost](https://tokenpost.com/news/regulation/56224) — U.S. Treasury Sold About $500 Million in Euros to Buy Yen - [Unknown](https://sankei.com/article/20261113-SEHHJQFRHNIZNFIVXRBACYJGPQ) — US Intervenes in July with 79.4 Billion Yen to "Respond to Disorderly fluctuations." - [Channel News Asia](https://channelnewsasia.com/business/us-treasury-bought-yen-in-july-fed-made-no-solo-fx-interventions-in-q3-6547636) — US Treasury bought yen in July; Fed made no solo FX interventions in Q3 - [Kyodo News+](https://english.kyodonews.net/articles/-/91240) — BREAKING NEWS: U.S. government bought 79.4 billion yen in forex intervention in July: Fed - [Unknown](https://kumanichi.com/articles/2057260) — US Intervenes to Buy Yen for 79.4 Billion Yen in July (Kyodo News) - [Reuters](https://reuters.com/business/us-treasury-bought-yen-july-fed-made-no-solo-fx-interventions-q3-2026-11-12) — US Treasury bought yen in July; Fed made no solo FX interventions in Q3 ## Questions **How much yen did the US Treasury buy?** The US Treasury bought 79.4 billion yen on July 31, according to a report from the Federal Reserve Bank of New York. This purchase was made to support the Japanese currency and was part of a coordinated effort with Japan. **Was this the first time the US and Japan intervened together?** No, this was the first joint yen-buying operation between the US and Japan since 1998. The US Treasury sold euros from its Exchange Stabilization Fund to acquire yen, working in coordination with Japanese authorities. **How much did Japan intervene with?** Japan's Ministry of Finance intervened with approximately 15.4 trillion yen during the same quarter as the US intervention. This amount was significantly larger than the US purchase, with reports indicating it was about 194 times the US amount. --- MediaBias News — https://mediabias.news. Reproduced from https://mediabias.news/business/us-and-japan-coordinated-yen-intervention-in-july. Please cite as: MediaBias News, "US and Japan Coordinated Yen Intervention in July", https://mediabias.news/business/us-and-japan-coordinated-yen-intervention-in-july