Bessent Says a ‘Disorderly Yen’ Would Risk Higher U.S. Rates
6 Articles
6 Articles
(New York/Tokyo = Yonhap News) Correspondents Lim Soo-jung and Cho Seong-mi = U.S. Treasury Secretary Scott Besant, regarding the unusual U.S. intervention to buy yen last month, [mentioned] the yen market's rapid...
U.S. Treasury Secretary Scott Bessent defended the intervention to support the yen and warned that extreme volatility could lead to forced bond sales, destabilize markets, and raise borrowing costs in the U.S.
U.S. Treasury Secretary Scott Besant explained that sharp instability in the yen market could drive up U.S. interest rates in relation to the unusual U.S. intervention to buy yen last month.
Disorderly yen may lead to higher US rates, impact gold prices: Bloomberg
A disorderly yen could lead to higher U.S. rates, strengthening the dollar and potentially suppressing gold prices, affecting global markets. The post Disorderly yen may lead to higher US rates, impact gold prices: Bloomberg appeared first on Crypto Briefing.
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