Expert Advice from Yellen: Proceed with Caution on Currency Intervention After Yen Surge
US Treasury Secretary Yellen Speaks on Yen Intervention What Happened? Over the weekend, US Treasury Secretary Yellen made comments regarding the recent movement of the yen. She stated, “I’m not going to comment on whether they did or didn’t intervene, I think that that’s a rumour.” Yellen noted that the yen “did move quite a…