1 Day
Source:
The Fiscal Times
US Treasury supports Yen, experts clarify
The US Treasury intervened to support the Japanese yen, which recently fell to a 40-year low against the dollar. This move aims to help Japan avoid selling U.S. Treasuries and to prevent further increases in US interest rates, as a stronger yen would make Japanese exports more affordable. The intervention was coordinated with the Japanese government amid economic challenges, including rising inflation and Japan's large public debt.
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