Japan's Yen Support Using Fed Liquidity Facilities
Japan may utilize a rarely used Federal Reserve liquidity facility to avoid selling US Treasuries to support the yen. However, Evercore ISI warns that extended reliance on this tool could signal weakness and prompt markets to challenge the commitment of both the US and Japan to maintaining currency stability.
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Japan’s Use of Fed Tool Could Test Yen Resolve, Evercore Says
Japan may utilize a rarely used Federal Reserve liquidity facility to avoid selling US Treasuries to support the yen. However, Evercore ISI warns that extended reliance on this tool could signal weakness and prompt markets to challenge the commitment of both the US and Japan to maintaining currency stability.
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