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Open original source ↗Two Yen-related updates:
1. The yen has weakened to 160 per US dollar again, which is bound to fuel intervention speculation (CNBC chart below).
2. In a letter to Senator Elizabeth Warren, US Treasury Secretary Scott Bessent stated that “Japan is a major holder of U.S. Treasuries…. Disorderly yen markets can trigger forced unwinds, which could destabilize global markets and ultimately raise borrowing costs for American families and businesses.”
#economy #japan #markets #yen #fx