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Markets debate If Japan sold Treasuries when Intervening in Yen

The Federal Reserve’s custody holdings of Treasuries fell for the first time in a month at a time Japan was likely intervening to support its currency, with markets debating whether the nation offloaded US securities to fund its yen purchases. The amount of marketable US Treasury securities the Fed holds for foreign official and international accounts slipped by $8.7 billion to $2.73 trillion in the week to May 6, according to data released by the central bank [...]