Forex
Japan's Yen Crisis Triggers Global Bond-Market Sell-Off
The Japanese yen has plummeted to multi-decadal lows, prompting a rare coordinated currency intervention by Japan and the United States. The US Treasury yields are also surging, with the 30-year yield reaching its highest level since 2007.
According to experts, the yen's weakness is attributed to #TheTakaichiFallout, referring to Japan's economic challenges. This includes the country's struggles in managing inflation and maintaining a strong currency.
The global bond-market sell-off has also been linked to the yen crisis, with many investors seeking safer assets as a result of rising interest rates.