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, supported by central bank intervention. Former Treasury Secretary Lawrence Summers believes interventions are ineffective. The yen has outperformed all currencies, likely due to BOJ intervention. Japan's intervention has prevented lopsided bets against the yen. Yellen refrains from confirming intervention rumors, emphasizing the need to reduce market volatility. #YenSurge #CurrencyIntervention #CentralBanks #MarketVolatility...

#newstr #JanetYellen #JapanEconomy #UsEconomy #YenMarketIntervention #CurrencyMarketManipulation #GroupOfSeven #BidenAdministration #DemocraticStability #ExchangeRates 

 https://here.news/story/191fec04?ver=0.91