Japan’s Use of Fed Tool Could Test Yen Resolve, Evercore Says
A rarely used Federal Reserve liquidity facility could prevent the Japanese from selling Treasuries to prop up the yen, but prolonged use of the tool could encourage markets to test...
By Alexandra Harris · Bloomberg Markets
A rarely used Federal Reserve liquidity facility could prevent the Japanese from selling Treasuries to prop up the yen, but prolonged use of the tool could encourage markets to test the US and Japan’s resolve, according to Evercore ISI.