BREAKING: 🇺🇸🇯🇵 US sells euros to buy Japanese yen in a rare coordinated market intervention with Japan, per FT. Key points: • The New York Fed reportedly sold euros and bought yen on behalf of the US Treasury. • Goldman Sachs and Morgan Stanley reportedly executed the trades. • Scott Bessent's notepad showed plans to buy $5–10 billion of Japanese yen, though the actual amount remains unknown. • The move came one day after Japan's estimated $59 billion yen-buying intervention. • If confirmed, this would mark the first direct US support for the yen since 2011. • The US Treasury has not officially confirmed the intervention.(Crypto India)