Traders may “deliberately” push up the U.S. and Ja

Aihucha News, September 27: Data show that the difference in inflation-adjusted 5-year Treasury bond yields between Japan and the United States has expanded by more than 90 basis points this year. This yield differential has weighed on the yen despite repeated warnings from Japanese officials of possible intervention in currency markets. "Essentially, the Bank of Japan ignored inflation and the market inevitably saw the yen's value suffer as a result," said Ayako Sera, market strategist at Sumitomo Mitsui Trust Bank in Tokyo. Traders may want to push the yen higher, she said. to 150 to see if the Japanese authorities will step in, even though the current market volatility has subsided. U.S. Treasury Secretary Janet Yellen said last week that any Japanese intervention to support the yen would be understandable if the purpose was to smooth out volatility.