Fed Admits Conducting 'Extremely Rare' Dollar-Yen 'Rate Check' On White House Request
Market Intelligence Analysis
AI-PoweredThe Federal Reserve has acknowledged conducting an 'extremely rare' rate check on the dollar-yen exchange rate at the White House's request, hinting at possible intervention in currency markets.
Market impact analysis based on bearish sentiment with 80% confidence.
Article Context
The Federal Reserve on Wednesday acknowledged performing a “rate check” on the dollar-yen exchange rate for the White House, hinting at possible active intervention in the currency markets. The Fed's January meeting minutes show that private market participants had expected the dollar to continue weakening this year. However, stronger-than-anticipated performance in the U.S. economy has cooled those projections. Meanwhile, the dollar has been steadily appreciating against the yen, moving closer
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