Japan to Tap Fed's FIMA Repo Facility for Future Yen Interventions

Japan's finance ministry will use the Fed's FIMA repo facility for future FX interventions, CNBC reports. The facility lets central banks pledge Treasuries for dollars instead of selling them outright, preserving reserves. The shift follows an August 3 coordinated U.S.-Japan yen-buying intervention after the yen hit 40-year lows.