A post by @FirstSquawk on X.

The Federal Reserve did not intervene in foreign exchange markets during the third quarter, while the U.S. Treasury bought Japanese yen over the same period, according to a New York Fed disclosure. The split reflects the division of responsibilities: the Fed conducts its own FX operations, while the Treasury manages the Exchange Stabilization Fund and can act independently. The yen purchases indicate Washington moved to support Japan's currency, which has been pressured by wide U.S.-Japan interest rate differentials. The disclosure gives markets a clearer picture of official currency activity at a time when yen weakness has drawn scrutiny. Traders will watch for further Treasury operations and any shift in Fed language on dollar strength.