Federal Reserve meeting minutes reveal "exchange rate checks," leading to significant depreciation of the US dollar
ChainCatcher News, according to Golden Ten Data, the Federal Reserve meeting minutes show that at the January meeting, Roberto Perli, the manager responsible for the Federal Reserve's financial market operations, pointed out that the trading department of the New York Fed conducted a "foreign exchange rate check" on the USD/JPY exchange rate, after which the US dollar depreciated significantly. After the release of the meeting minutes, the USD/JPY exchange rate plunged more than 40 points in the short term, reaching a low of 154.33.
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