{"id":22706,"date":"2026-02-18T17:00:41","date_gmt":"2026-02-18T22:00:41","guid":{"rendered":"https:\/\/tvdelmarva.com\/wp\/federal-reserve-confirms-currency-market-inquiries-made-for-treasury-department\/"},"modified":"2026-02-18T17:00:41","modified_gmt":"2026-02-18T22:00:41","slug":"federal-reserve-confirms-currency-market-inquiries-made-for-treasury-department","status":"publish","type":"post","link":"https:\/\/tvdelmarva.com\/wp\/federal-reserve-confirms-currency-market-inquiries-made-for-treasury-department\/","title":{"rendered":"Federal Reserve Confirms Currency Market Inquiries Made for Treasury Department"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n

The Federal Reserve acknowledged Wednesday that it conducted unusual inquiries into dollar-yen exchange rates in January, acting on instructions from the U.S. Treasury Department in a move that caught financial markets’ attention and raised speculation about possible currency intervention.<\/p>

According to meeting minutes from the Fed’s January 27-28 session released Wednesday, the central bank’s trading desk sought price quotes from dealers regarding the dollar-yen exchange rate specifically at Treasury’s direction. The Fed noted in its minutes: “In the days leading up to the meeting, the dollar had depreciated markedly after reports that the Desk had made requests for indicative quotes, known as ‘rate checks,’ on the dollar\u2013yen exchange rate.” The minutes further explained: “The manager noted that the Desk had requested those quotes solely on behalf of the U.S. Treasury in the Federal Reserve Bank of New York’s role as the fiscal agent for the U.S.”<\/p>

These uncommon rate inquiries by the New York Fed in late January caused the yen to gain strength against the dollar, marking an unusual development that put markets on edge about the possibility of the first coordinated U.S.-Japan currency market intervention in a decade and a half. However, no clear evidence of large-scale intervention by either nation materialized following the initial reports.<\/p>

Treasury Secretary Scott Bessent has publicly rejected suggestions that the United States was actively intervening in foreign exchange markets.<\/p>","protected":false},"excerpt":{"rendered":"

The Federal Reserve acknowledged Wednesday that it conducted unusual dollar-yen exchange rate inquiries last month at the Treasury Department’s direction. The move sparked speculation about potential joint U.S.-Japan currency intervention and temporarily strengthened the yen.<\/p>\n","protected":false},"author":4,"featured_media":22705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[834],"tags":[],"class_list":["post-22706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/02\/news-1771452040669.jpg?fit=450%2C300&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pbtNqq-5Ue","jetpack-related-posts":[{"id":91954,"url":"https:\/\/tvdelmarva.com\/wp\/japanese-yen-hovers-near-40-year-low-as-tokyo-holds-off-on-intervention\/","url_meta":{"origin":22706,"position":0},"title":"Japanese Yen Hovers Near 40-Year Low as Tokyo Holds Off on Intervention","author":"Admin","date":"July 6, 2026","format":false,"excerpt":"The Japanese yen continued to slide Tuesday, trading on the weak side of 162 per dollar as currency traders grew bolder with no sign of intervention from Japanese authorities. Meanwhile, the U.S. dollar faced pressure after a disappointing jobs report caused investors to scale back expectations for Federal Reserve rate\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/07\/news-1783387010290.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":91416,"url":"https:\/\/tvdelmarva.com\/wp\/u-s-dollar-holds-near-two-week-low-as-fed-rate-hike-hopes-fade\/","url_meta":{"origin":22706,"position":1},"title":"U.S. Dollar Holds Near Two-Week Low as Fed Rate Hike Hopes Fade","author":"Admin","date":"July 5, 2026","format":false,"excerpt":"The U.S. dollar steadied near a two-week low Monday as investors pulled back expectations for a Federal Reserve rate hike, following a weaker-than-expected June jobs report. Meanwhile, Japan's yen continued hovering near a 40-year low, keeping global currency markets on edge. Investors are now watching for the Fed's June meeting\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/07\/news-1783304195431.jpg?fit=450%2C299&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":69204,"url":"https:\/\/tvdelmarva.com\/wp\/us-dollar-reaches-six-week-peak-amid-interest-rate-speculation-and-middle-east-tensions\/","url_meta":{"origin":22706,"position":2},"title":"US Dollar Reaches Six-Week Peak Amid Interest Rate Speculation and Middle East Tensions","author":"Admin","date":"May 19, 2026","format":false,"excerpt":"The American dollar climbed to its highest point in six weeks as investors anticipate potential interest rate increases to combat inflation driven by ongoing conflict with Iran. Market uncertainty has triggered a global bond selloff and pushed energy prices higher, with traders now betting on more than a 50% chance\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1779243762817.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":88792,"url":"https:\/\/tvdelmarva.com\/wp\/japan-holds-back-on-yen-defense-as-dollar-pushes-to-40-year-high\/","url_meta":{"origin":22706,"position":3},"title":"Japan Holds Back on Yen Defense as Dollar Pushes to 40-Year High","author":"Admin","date":"June 30, 2026","format":false,"excerpt":"The Japanese yen has fallen past the 162-per-dollar mark for the first time since 1986, raising questions about when Tokyo will step in to defend its currency. Analysts say Japan appears willing to let the yen weaken further, with 165 now seen as the next level that could trigger official\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/06\/news-1782813646562.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":89860,"url":"https:\/\/tvdelmarva.com\/wp\/japan-shifts-to-surprise-tactics-to-defend-yen-against-currency-speculators\/","url_meta":{"origin":22706,"position":4},"title":"Japan Shifts to Surprise Tactics to Defend Yen Against Currency Speculators","author":"Admin","date":"July 2, 2026","format":false,"excerpt":"Japanese officials are abandoning their practice of warning markets before stepping in to support the yen, instead planning surprise moves to catch currency speculators off guard. The yen recently hit a 40-year low of 162.66 per dollar, prompting a more aggressive and secretive strategy from Japan's Ministry of Finance. Officials\u2026","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/07\/news-1782965841750.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":73573,"url":"https:\/\/tvdelmarva.com\/wp\/japans-currency-falls-back-to-crisis-levels-despite-63b-defense-effort\/","url_meta":{"origin":22706,"position":5},"title":"Japan’s Currency Falls Back to Crisis Levels Despite $63B Defense Effort","author":"Admin","date":"May 29, 2026","format":false,"excerpt":"Japan's yen has weakened back to levels that triggered government intervention just a month ago, despite Tokyo spending approximately $63 billion to support the currency. Market analysts are questioning how much of Japan's $1 trillion reserves officials are willing to use in this ongoing battle against speculators.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1780035848640.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/22706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/comments?post=22706"}],"version-history":[{"count":0,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/22706\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media\/22705"}],"wp:attachment":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media?parent=22706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/categories?post=22706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/tags?post=22706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}