On August 1st, the Federal Reserve Bank of New York requested US banks to check the EUR/JPY exchange rate. This move is significant as it marks a joint intervention by Japan and the US in the foreign exchange market for the first time in over a decade.
The New York Fed conducted selling Euros and buying Yen operations, according to Bessent's handwritten list.
More on Forex
Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.
Real-time market sentiment intelligence for apps, funds & agents
Location
729 55 Ave SW
Calgary AB T2V 0G4
Canada
© 2026 Guavy Inc
