Yellen Counsels Caution on Currency Intervention After Yen Surge
- Treasury secretary says Japanese currency moved ‘quite a bit’
- Declines to comment on whether Tokyo supported the yen
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US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.
“I’m not going to comment on whether they did or didn’t intervene,” Yellen told reporters Saturday following a speech in Mesa, Arizona. “I think that that’s a rumor.”