Japan is put on the currency manipulation “watch list”!
6/20The U.S. Treasury released its semiannual Foreign Exchange Report. Japan was added to the “Monitoring List” to watch for possible currency manipulation.1This was the first time in years.2023The current account surplus for 2023 exceeded the formal threshold, which is cited as the reason. The United States analyzes whether its major trading partners are manipulating exchange rates to gain an advantage for their export industries. This explains the background to Japan's addition to the “Monitoring List” and the potential impact on the future USD/JPY exchange rate.
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