Japan Reports Trade Deficit as Weak Yen Lifts Costs of Imports: Implications for Indian Trade on Nostr: Japan's Record Yen Intervention Likely Funded by Selling US Treasuries ...
Japan's Record Yen Intervention Likely Funded by Selling US Treasuries
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#56764ea7 ver:0.28
Japan likely funded its record yen intervention by selling US Treasuries, as its holdings of foreign securities dropped by $50.4 billion in May. The intervention aimed to prevent the yen from falling to a 34-year low against the dollar. While a weak yen benefits exporters, it increases costs for companies and consumers. The impact of interventions on the yen is short-lived, and the currency is expected to stay under pressure due to the interest rate gap between Japan and the US. The intervention highlights the interconnectedness of global trade and the role of currency fluctuations. The weak yen may also impact trade between Japan and India. Japan's intervention is seen as an attempt to stabilize the yen and prevent excessive volatility. The stabilization of the yen is crucial to prevent a larger regional FX crisis....
#newstr #Japan #YenIntervention #ForeignSecurities #UsTreasuries #CurrencyMarket #InterventionFirepower #UsTreasurySecretary #InterestRates
https://here.news/story/56764ea7?ver=0.28
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#56764ea7 ver:0.28
Japan likely funded its record yen intervention by selling US Treasuries, as its holdings of foreign securities dropped by $50.4 billion in May. The intervention aimed to prevent the yen from falling to a 34-year low against the dollar. While a weak yen benefits exporters, it increases costs for companies and consumers. The impact of interventions on the yen is short-lived, and the currency is expected to stay under pressure due to the interest rate gap between Japan and the US. The intervention highlights the interconnectedness of global trade and the role of currency fluctuations. The weak yen may also impact trade between Japan and India. Japan's intervention is seen as an attempt to stabilize the yen and prevent excessive volatility. The stabilization of the yen is crucial to prevent a larger regional FX crisis....
#newstr #Japan #YenIntervention #ForeignSecurities #UsTreasuries #CurrencyMarket #InterventionFirepower #UsTreasurySecretary #InterestRates
https://here.news/story/56764ea7?ver=0.28