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After the Japanese yen hit a 40-year low, the US stepped in to prevent it from dipping further. But why would the US care about the value of another country's c…
After the Japanese yen hit a 40-year low, the US stepped in to prevent it from dipping further. But why would the US care about the value of another country's currency?
Simon Ree of The Tao of Trading joins Andrea Heng to explain:
- Why the US stepped in to support the Japanese yen
- Why intervention may only buy time
- What could make a stronger yen last
Get our editors' picks of stories via chat apps:
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After the Japanese yen hit a 40-year low, the US stepped in to prevent it from dipping further. But why would the US care about the value of another country's currency?
Simon Ree of The Tao of Trading joins Andrea Heng to explain:
- Why the US stepped in to support the Japanese yen
- Why intervention may only buy time
- What could make a stronger yen last
Get our editors' picks of stories via chat apps:
Telegram: https://cna.asia/telegram
WhatsApp: https://cna.asia/whatsapp
Follow us on these platforms:
https://www.facebook.com/channelnewsasia
https://www.instagram.com/channelnewsasia
https://www.tiktok.com/@channelnewsasia
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Why does the US care about the Japanese yen?
Lerato Adebayo • 540 views
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