US Treasury Secretary Endorses Yen Intervention

Treasury Secretary says yen is undervalued The US Treasury Secretary stated that the yen has substantially overshot equilibrium. The yen's current value is viewed as unhealthy due to excess volatility. Japan intervened in the currency market earlier, but th

Treasury Secretary says yen is undervalued

The US Treasury Secretary stated that the yen has substantially overshot equilibrium.

The yen’s current value is viewed as unhealthy due to excess volatility.

Japan intervened in the currency market earlier, but the impact may be limited if US Treasury yields continue to rise.

Leave a Reply

Your email address will not be published. Required fields are marked *