Source: Insider According to sources: The US Treasury Department has notified banks of a possible intervention in the yen market on Intervention Friday.

BlockBeats News, July 31st, according to market sources, insiders revealed that the US Treasury Department has notified banks that it may intervene in the yen market on Friday. (FXStreet)

Following this news, according to Bitget data, the USD/JPY plummeted about 100 points and then rebounded slightly, now trading at 159.61. The US Dollar Index (DXY) dropped more than 15 points in the short term and is now trading at 100.2.