Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag U.S. conducted unsolicited yen rate checks in Jan to stabilize markets amid election uncertainty.

flag U.S. authorities conducted unsolicited "rate checks" in January to support the yen, according to sources cited by Nikkei, as the currency neared 160 per dollar amid political uncertainty ahead of Japan’s election. flag The New York Fed carried out the checks at Treasury direction, aiming to stabilize markets and prevent broader financial instability, with the yen rising over 1% afterward. flag While the U.S. confirmed the quotes were solicited, it denied direct intervention, and Japan has not confirmed participation. flag Both nations continue close coordination on exchange rates, with the U.S. open to joint action if requested.

28 Articles