Council on Foreign Relations·4 min read·medium
Why the U.S. Intervened to Prop Up Japan’s Yen
✦AI Summary
The U.S. Treasury recently intervened in currency markets to support the Japanese yen by selling euros and buying yen. This rare move aims to stabilize the currency and reduce volatility in Asian markets.
Brad W. Setser served as a senior advisor to the U .S. Trade Representative from 2021 to 2022. He had previously served in the U.S. Treasury from 2011 to 2015, where he worked on currency policy, financial sanctions, commodity shocks, and other issues . He is the author of the Follow the Money blog.
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