China increased its holdings of Treasuries in July for the first time in eight months, while Japan reduced its U.S. government debt load, data from the U.S. Treasury department showed on Friday.
China's stash of Treasuries rose to $970 billion in July, from $967.8 billion in June, which was the lowest since May 2010 when it had $843.7 billion.
The yen's steep fall against a resurgent dollar this year has raised the prospect of Japan intervening in the market to boost the Japanese currency. Since the beginning of 2022, the yen has fallen 19.5% versus the dollar . On a transaction basis, U.S. Treasuries saw net foreign inflows of $23.12 billion in July, down from $58.9 billion the previous month. U.S. Treasuries have posted foreign inflows for a third straight month.
In other asset classes, foreigners sold U.S. equities in July for a seventh straight month amounting to $60.32 billion, from outflows of $25.36 billion in June. July's outflow was the largest since March.
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