Yen Extends Rally Against Dollar, Curbing Need for Intervention
July 17, 2024
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41:57Markets Weigh Up Trump, JD Vance 2024 Win | Bloomberg The Pulse 07/17/24
3:33Now PlayingYen Extends Rally Against Dollar, Curbing Need for Intervention
YouTube Description
as posted by the channelToronto Dominion Bank Head of FX Mark McCormick discusses the outlook for the yen as the currency extended its advance to rally more than 1% against the dollar, reducing the need for Japanese authorities to step into the market again to support the beleaguered currency. "Japan [the yen] in particular is the one currency that probably, depending on your model, could be 50 to 70 percent undervalued," McCormick said on Bloomberg Television.
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