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US Treasury Secretary Yellen warns over potential yen intervention

Intervention to streWide-ranging comments from Yellen. On potential intervention in the yen FX market: Treasury generally understands need to smooth out volatility in exchange rates but not to influence forex levelsView on any Japanese yen intervention would depend on circumstancesJapan is part of a G7 agreement not to take actions to manipulate its currency rate to gain a benefit. That's why officials there insist their super-easy monetary policy (which is a factor weakening the yen against hi... Read More

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Content Topics

Treasury

Secretary

Yellen

Warns

Over

Potential

Intervention

Forex

Posted: Sep 19 2023, 21:46

Author Name: forexlive

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