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US Intervenes to Rescue Weakening Japanese Yen Amid Economic Concerns
The United States has intervened to prop up the weakening Japanese Yen, which had fallen to its lowest level in 40 years. This intervention comes amid concerns about potential large sales of Treasuries and the unwinding of carry trades.
4 Aug, 10:55 — 4 Aug, 19:52
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Moderate (42/100)3 sources25/33
Spectrum spread— 2/5 buckets covered8/33
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Sources
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bloombergHigh20d ago
USD And JPY: Trump, Bessent Intervene to Rescue a Weakening Japanese Yen
One of the most dramatic foreign exchange market interventions in decades aims to stabilize the slumping yen — and stave off a larger crisis.
By Naomi Ng, Yang Yang, Rachael Lewis-Krisky and Victor Swezey
Read full article →naked-capitalismMixed20d ago
US Intervenes to Prop Up Japanese Yen Amid Worries About Possible Large Sales of Treasuries to Buy Yen, Carry Trade Unwind
On the US intervention to push up the yen, including some wee corrections of misperceptions.
By Yves Smith
Read full article →Coverage Timeline
First report: naked-capitalism · 4 Aug, 10:55|Full coverage: 3 · 9h|Window: 9h
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