Washington joins the fight for the yen
From the original
https://think.ing.com/articles/washington-joins-the-fight-for-the-yen/
Related speeches
4 itemsAsia FX Talking: Washington steps in to stop the Asian slide
Lead — In response to aggressive declines in East Asian currencies, including the Japanese yen and Korean won, U.S. Treasury intervention is expected to stabilize the Asian FX landscape. Per the full note [source], the intervention could help underpin USD/JPY dynamics, especially if the Federal Reserve maintains a dovish stance, potentially leading to dollar weakening. Meanwhile, the Chinese yuan may continue its steady appreciation as exporters increase selling into rallies. Key consensus targets indicate projected ranges for JPY and CNY, with varied forecasts across different firms suggesting that careful positioning will be crucial in the coming months.