Japan's Yen Slide Could Roil the U.S. Bond Market
TL;DR
Japan's yen sank to a near 40-year low against the dollar, fueling talk of official intervention that could require selling FX reserves—including U.S. Treasurys—potentially sending waves through the global bond market as the U.S.-Japan rate gap and carry trades complicate the outlook.
- Japan's yen at a 40-year low could become America's bond-market problem Business Insider
- Yen Hits Fresh 40-Year Low Versus Dollar WSJ
- Yen’s Slide Puts Market on Lookout for Japan’s Next Red Line Bloomberg.com
- Tokyo keeps powder dry as 'line in the sand' on yen shifts Reuters
- Japan’s ‘Mr Yen’ keeps market guessing on currency intervention Financial Times
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