US Treasury undertakes historic intervention in yen market
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The US Treasury directly intervened in the yen market for the first time to support Japan.
The article is behind a paywall and its body is not accessible. The title indicates the US Treasury undertook a historic intervention in the yen market.
What commenters are saying
Commenters see this as the US bailing out Japan from yen weakness tied to oil imports and the Iran conflict, rather than a purely monetary move. Some argue Japan selling US Treasuries would hurt the US by raising yields, making this a can-kicking exercise. Others note currency interventions are temporary without fixing root causes. There is skepticism about the Trump administration's broader economic strategy.