The U.S. Treasury's foray into the foreign exchange market on Friday to buy Japanese yen wasn't its first FX intervention and won't be its last. But it was one of its most unusual.

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The S&P 500 recovered 1.0% (up 9.4% y-t-d), and the Dow gained 1.0% (up 9.2%). The Utilities dropped 4.0% (up 4.7%).

Japanese authorities confirmed the once-in-a-generation coordinated effort to boost their struggling currency The U.S. had reasons to step in and help boost the yen besides sending a "signal of ...

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The US Treasury intervened in the foreign exchange market for the first time since 2011, buying Japanese yen to prop up the ...

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