Yellen Dodges Question on Japan’s Yen Intervention: What’s Really Happening Behind the Scenes?
Mesa, Arizona – US Treasury Secretary Janet Yellen addressed the recent fluctuations in the value of the yen during a press conference following a speech she delivered in Mesa, Arizona over the weekend. Yellen refrained from confirming whether Japan had taken any action to bolster the currency, stating, “I’m not going to comment on whether they did or didn’t intervene.” The secretary dismissed such speculations as nothing more than rumors. Market analysts have been closely …