Japan analysts says US Treasury unconcerned over yen manipulation
Eamonn Sheridana, 19 April 2021
Japan is on the ‘monitor’ list having satisfied 2 of the 3 US criteria, along with other countries. You can find more on the report here:
US drops Switzerland and Vietnam from FX manipulator designation status
But, says Mizuho, the focus is not on the yen but rather on emerging economies:
US likely to prioritize the Mexican peso or Asian currencies (excl-yen) the US report cited IMF analysts saying the yen was largely in line with fundamentals and made no mention of the yen’s weakness so far in 2021
No red light for Japan this time around, or the next it appears.
