The Fed and US Treasury will not seeing eye-to-eye on the matter of yen intervention

The yen surged by 1. 75% on Friday to 155. 63 per dollar, the biggest one-day rally since last year August, flipping what had been a brutal slide and making lawmakers in Tokyo jittery… again. Naturally, Wall Street traders weren’t quiet either. Many pointed to calls made by the New York Fed to several big financial firms, […] source: https://www.cryptopolitan.com/fed-and-treasury-on-the-matter-of-yen/