ECB Learns of US Yen Intervention After Trade

The European Central Bank was informed about the US intervention in the foreign exchange market after it happened. The news comes from the Financial Times, which cited sources familiar with the matter. According to these people, the ECB learned of the US' decision to sell euros and buy yen last week.

The joint intervention by Japan and the US was made on Friday. They vowed to take further action if needed to support the yen. Reuters could not verify the report.