On Tuesday, US Treasury Secretary Janet Yellen stated that the US would show understanding over another yen-buying intervention by Japan "depends on the details" of the situation, according to Reuters.
"We usually communicate with them about these interventions and generally understand the need to smooth out following undue volatility, but not to attempt to influence the level of exchange rates,"
"So it depends very much on the details in our discussions with the Japanese,”
USD/JPY consolidates near 147.72 following the above the report. The pair is down 0.09% on the day.
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