US Treasury Considers Intervention in Yen Market
The US Treasury has informed banks that it may intervene in Japan's yen market, as the currency has experienced rapid appreciation. This potential intervention comes amidst the Bank of Japan's own attempts to stabilize the yen.
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Read full article →US Treasury informed banks that it may intervene in Japan's yen, source says
Read full article →US Treasury Informed Banks It May Intervene In Japan's Yen, As Market Laughs At BOJ's Own Attempts To Prop Up Currency
US Treasury Informed Banks It May Intervene In Japan's Yen, As Market Laughs At BOJ's Own Attempts To Prop Up Currency While the BOJ understandably refuses to admit it spent a record $140BN (across all markets, $90BN on EBS) to briefly manipulate the Japanese yen higher... ... ahead of yet another disappointing (non-rate hike) decision (according to some calculations, Japan's central bank is about 100 bps of rate hikes behind to stop the ongoing collapse of the yen), others a...
By Tyler Durden
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