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The U.S. is using euros, not dollars, to prop up the yen, and it may backfire: ‘This kind of twist…undercuts the efficacy of U.S. participation’ | Fortune
The unusual funding method backed a joint U.S.-Japan move that lifted the yen to 157 per dollar, but economists say it won't fix underlying issues
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channelnewsasia.com
US Treasury intervenes to support yen after Japan steps in, FT reports
July 31 : The U.S. Treasury intervened to support the yen on Friday through outright purchases, the Financial Times reported, joining Japan in its efforts to boost the currency…
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straitstimes.com
US Treasury intervenes to support yen after Japan steps in: Financial Times
The reported action would be the US Treasury’s first direct support for the yen since 2011. Read more at straitstimes.com. Read more at straitstimes.com.
