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> Central Banks
> USD/JPY (or should we call it USD/Yellen?) is still racing higher
Central Banks
BOJ

USD/JPY (or should we call it USD/Yellen?) is still racing higher

  • Yellen speaks, yen slumps
Eamonn Sheridan
Eamonn Sheridan
Sunday, 05/05/2024 | 23:42 GMT
05/05/2024 | 23:42 GMT
  • 0

US Treasury Secretary Yellen spoke over the weekend:

  • Yellen didn't sound unsupportive of Japan's 'rumoured' intervention, but she didn't sound real keen either

The TL;DR version of that post ios Yellen telling Japan that "You're on your own!" re intervention. Check it out for why.

USD/JPY has been heading higher for the session so far:

usdyen yellen intervention 06 May 2024 2

ps. It's a Japanese market holiday today.

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