Brief
U.S.-Japan Yen Intervention Puts Global Interest Rates in Focus
Executive Summary Japan and the United States recently jointly intervened to support the yen after the currency weakened to nearly ¥164 per dollar, its lowest level in roughly four decades. The operat
Summary
Executive Summary Japan and the United States recently jointly intervened to support the yen after the currency weakened to nearly ¥164 per dollar, its lowest level in roughly four decades.
The operation briefly drove the yen to ¥155.
20, its strongest level since May, before it surrendered part of the gain and settled near ¥157.50. The...
Source
- Connect CREconnectcre.com
