Global finance looks like a giant Jenga tower propped up by a Japanese yen thats in deep trouble
News Source : Biztoc.com
News Summary
- First u.s.-Japan joint intervention in three decades aimed at boosting the yen has come and gone without doing much to ease anxiety in currency markets.
- Treasury Secretary Scott Bessent’s notepad suggested theu.s. bought $5 billion-$10 billion worth of yen-denominated assets in a joint effort to shore up the yen's value.
The first U.S.Japan joint intervention in three decades aimed at boosting the yen has come and gone without doing much to ease anxiety in currency markets.
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