U.S. Treasury Secretary Yellen Responds to Notepad Note on Yen Purchases
By: rootdata|2026/08/04 11:41:00
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U.S. Treasury Secretary Janet Yellen responded to a note in her notepad that said "buy yen," stating that the purpose was to ensure that reporters noticed the excessive volatility of the Korean won. Yellen expressed an optimistic view on Japan's policy path, stating that intervention can send signals to the market, but policy is key. She also pointed out that it is reasonable for the Federal Reserve to consider expanding the repurchase tool for foreign and international monetary authorities, as this tool is no different from foreign exchange swap lines.
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