US Treasury sold euros to support yen, depleting ESF firepower
According to Financial Times, US officials sold euros and bought Japanese yen last Friday, informing the ECB only after the transaction. Joseph Wang commented that the Treasury has exhausted the Exchange Stabilization Fund's usable firepower for yen support, and further intervention is unlikely to work unless rate differentials change. Japan has also reportedly admonished the US over the move.
Detected & updated continuously · Source: Nebula
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@muhabbitcom
🇺🇸 Financial Times'ın haberine göre ABD'li yetkililer, geçen cuma günü euro satarak Japon yeni satın aldı. Avrupa Merkez Bankası (ECB) ise bu işlemden ancak işlem tamamlandıktan sonra haberdar edildi.
@KryptoDzikPL
Już o 09:00 słyszymy się na porannym live na YouTube a w nim: - Czy złoto idzie na 4500$? Opłacało się korzystać z okazji. - Ostatni miesiąc na ETFach na zielono - Dow Jones traci 454 punkty - USA miały sprzedawać euro, by wesprzeć jena - Japonia upomina USA za wykorzystanie https://t.co/56j4jn5V5A
@TU_Crypto_News
Joseph Wang says the U.S. Treasury has exhausted the Exchange Stabilization Fund’s usable firepower for yen support after selling its euro holdings to buy yen. He says further intervention is unlikely to work unless rate differentials change.