A cheap currency helps finance the US tech boom. Washington is intervening because allies matter only when they are useful Japan’s yen has slid back towards 160 to the dollar, despite last month’s extraordinary US-Japanese intervention. Traders are betting that its role as a cheap funding pipel...
Source: [Guardian US](https://www.theguardian.com/commentisfree/2026/aug/12/the-guardian-view-on-japans-yen-trump-wants-to-keep-the-easy-money-machine-running)