Japan's April Yen Intervention Sets Daily Record as Currency Pressure Persists
The move was the first joint yen-buying operation since 1998 and used euro sales to help lift the currency from near four-decade lows.
15 Articles
15 Articles
Tran quoted in CNN Business on Japan’s persistently low interest rates and its relation to the yen
Read the full article here The post Tran quoted in CNN Business on Japan’s persistently low interest rates and its relation to the yen appeared first on Atlantic Council.
The United States, together with Japan, tried to stop the sharp decline of the yen last week. In an unusual intervention, Washington did not sell dollars, but euros. It did not inform the European Central Bank about the operation until after it was carried out. Some European central bankers consider this a violation of long-standing customs among Western monetary authorities.
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