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(Bloomberg) Japanese authorities will probably need to sell Treasuries in the event they step in to support the beleaguered yen, rather than just tapping cash parked in a key Federal Reserve facility, according to Citigroup Inc. Most Read from BloombergTrumpism Is Emptying ChurchesWhy India’s South Rejects Modi — And Why It MattersRBC Fires CFO Ahn After Probe Into Personal RelationshipYellen Implores China to Rethink Economic Growth StrategyGermany to Order Ships, Armored Vehicles Worth Up t ....
(Bloomberg) Japan’s currency is yet again at the mercy of the US economy, with Tokyo’s efforts to buy time for the beleaguered yen vulnerable to shifts in the outlook for interest rate cuts by the Federal Reserve.Most Read from BloombergTexas Toll Road Takeover to Cost Taxpayers at Least $1.7 BillionS&P 500 Falls 1% as Oil Jump Spurs Flight to Bonds: Markets WrapApple Explores Home Robotics as Potential ‘Next Big Thing’ After Car FizzlesBiden Tells Netanyahu US Support Hinges on Protecting Ci ....