• US Treasury Sec. Yellen: Did not discuss currency intervention with Japanese officials

Noticias del mercado

12 julio 2022

US Treasury Sec. Yellen: Did not discuss currency intervention with Japanese officials

US Treasury Secretary Janet Yellen said on Tuesday that she did not discuss currency intervention with Japanese officials.

Additional quotes

Countries in G7 should have market-determined exchange rates.

Currency intervention warranted only in 'rare and exceptional circumstances'.

Also read: Japan’s Suzuki: Told Yellen we are concerned about rapid yen weakening recently

Market reaction

The yen seems to have caught a strong bid on the above comments, dragging USD/JPY sharply lower.

At the time of writing, USD/JPY is trading at 136.92, down 0.36% on the day.

Enfoque del mercado
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