Currencies
Foreign Treasury Holdings Hint at Yen Intervention Funding
- Central bank holdings of Treasuries fell by $10.6 billion
- RRP balances rose to $362 billion in week to May 8, data show
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Fresh data on the Federal Reserve’s various accounts hints at how Japanese policy makers may have further funded currency interventions to bolster the beleaguered yen.
Central banks’ holdings of US securities fell by about $10.6 billion, leaving total holdings at $2.95 trillion, data as of May 8 show. Meanwhile, monetary officials stashed $362 billion at the Fed’s reverse repurchase agreement facility, up from $360 billion a week earlier, according to the latest data from the central bank.