ECB Left in Dark as US Intervenes in Yen Market

The European Central Bank (ECB) was informed about the US intervention in the foreign exchange market after it had already taken place, according to a report by the Financial Times. The report cited several people familiar with the matter, but Reuters could not verify the information.

Last week, Japan and the United States launched a joint yen-buying intervention to support the currency. They vowed to take further action if needed to stabilize the yen.