US Treasury Secretary Janet Yellen Acknowledges Yen Surge and Counsels Caution on Currency Intervention
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US Treasury Secretary Janet Yellen acknowledges the surge in the yen and advises caution on currency intervention. Asian currencies have had their best week in months due to central bank intervention and less hawkish signals from the Federal Reserve. Former Treasury Secretary Lawrence Summers believes intervention is ineffective. The yen has outperformed all currencies this week, likely due to BOJ intervention. Traders are now looking to US economic data for market direction. Yellen declines to confirm if Japan intervened to support the yen. #YenSurge #CurrencyIntervention #CentralBanks #FederalReserve...

#newstr #JapaneseYen #BojIntervention #Fomc #Eurozone #InterestRates #CorporateBonds #JanetYellen #CurrencyIntervention #BankOfJapan #ExchangeRates 

 https://here.news/story/191fec04?ver=0.89