Joint U.S.-Japan Yen intervention unlikely until situation gets much worse: IIF

Ashok Bhundia, deputy chief economist of the International Institute of Finance, says the last thing U.S. Treasury Secretary Scott Bessent wants is for Japan to sell some of its U.S. treasury holdings to fund their defense of the Yen, and that ultimatley monetary policy normalization will be the key anchor to bring the Dollar-Yen back in line with its fundamentals

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