A rarely used Federal Reserve liquidity facility could prevent the Japanese from selling Treasuries to prop up the yen, but prolonged use of the tool could encourage markets to test the US and Japan’s resolve, according to Evercore ISI.
A rarely used Federal Reserve liquidity facility could prevent the Japanese from selling Treasuries to prop up the yen, but prolonged use of the tool could encourage markets to test the US and Japan’s resolve, according to Evercore ISI.
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