155 Is the Yen's Next Big Test, Englander Says
Bloomberg Television·2026-08-04 16:43
I. I think the problem for the US is twofold. The major problem is that increasingly, when we see, uh, the Japanese yen acutely weak, it's associated with higher Japanese yields.The market is afraid that the fiscal situation in Japan is deteriorating. So the weekend and higher Japanese yields occur together. But some of those higher Japanese yields spill over into U.S. yields.Now, the Treasury secretary, you know, his only job description is keeping borrowing costs down. And so when he sees this kind of ris ...