Why the yen matters

By Financial Times | Created at 2026-08-11 22:21:47 | Updated at 2026-08-19 07:15:11 1 week ago

What’s driving the US intervention in a foreign bond market?

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Investors were surprised when they learned that the US was selling euros to prop up the yen. But was this support for an ally? Or worries about interest rates at home? Today on the show, Katie Martin and Alphaville reporter Toby Nangle unpack this unusual move. Also, they go long rain and long cheese futures.

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