[Federal Reserve Meeting Minutes Reveal 'Exchange Rate Check' Triggering Dollar Depreciation, Conducted by New York Fed on Behalf of Treasury] Jin10 News, February 19 – The Federal Reserve meeting minutes show that during the Fed's January meeting, Roberto Perli, the manager responsible for the Fed's financial market operations, pointed out that in the days leading up to the meeting, there were reports that the New York Fed's trading desk conducted an 'exchange rate check' on the USD/JPY exchange rate. Subsequently, the dollar significantly depreciated. Perli noted that this inquiry was an operation carried out entirely on behalf of the U.S. Treasury, with the New York Fed acting as the Treasury's fiscal agent. Following the release of the meeting minutes, USD/JPY experienced a sharp short-term drop of over 40 points earlier, hitting a low of 154.33.