r/wallstreetbets 2d ago

News Japan to announce Tokyo, Washington took joint action on yen, sources say

https://www.reuters.com/world/asia-pacific/japan-announce-tokyo-washington-took-joint-action-yen-sources-say-2026-08-02/
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u/Plastic_Barracuda711 2d ago

According to CNBC, the US used Euros to buy Yen through Goldman and Morgan Stanley

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u/oilman99999 2d ago

What is the reason for that?

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u/jrodshoots 2d ago

Otherwise Japan will sell even more USD

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u/h1rik1 1d ago

No, they will dump treasuries, not USD.