U.S., Japan confirm coordinated yen intervention, signal readiness for more - CNBC
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- U.S., Japan confirm coordinated yen intervention, signal readiness for more CNBC
- US Treasury’s Firepower for Yen Support May Be Limited, JPM Says Bloomberg.com
- Treasury Warns Banks It Might Intervene in Dollar-Yen Exchange Rate WSJ
- EXCLUSIVE Japan to announce Tokyo, Washington took joint action on yen, sources say Reuters
- U.S. and Japan Coordinated to Help Stabilize the Yen The New York Times
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The Story At A Glance
The yen weakened significantly due to the interest rate gap between Japan and the United States. This prompted officials to label the currency decline as disorderly rather than a natural market movement.
- • Japan initiated yen buying by selling dollars to combat multi-decade lows.
- • The U.S. Treasury signaled readiness to intervene and reportedly purchased yen.
- • Washington and Tokyo are executing a rare coordinated effort to stabilize the exchange rate.
The yen weakened significantly due to the interest rate gap between Japan and the United States. This prompted officials to label the currency decline as disorderly rather than a natural market movement.
Christian Perspective
Economic stability is necessary for the flourishing of the family and the preservation of order. Manipulating currency markets reflects a desire for human control over the natural flows of commerce. Such
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