Flying under many radars for now, but probably not for long:
The Japanese Yen has weakened back to 159 per U.S. dollar (CNBC chart), approaching the established FX intervention zone.
This matters far beyond Japan for a key reason right now:
Japanese foreign exchange intervention typically involves selling US securities to buy Yen, potentially adding yield pressures to an already sensitive Treasury market.
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economy# #
markets# #
japan# #
yen# #
bonds# #
yields#