videopokergamesfreedownload| Bank of America strategist: If the United States intervenes in to boost the yen, it will pose global risks

Bank of America saidVideopokergamesfreedownloadThe United States could join hands with Japan to boost the struggling yen, which would pose a wide range of risks to the global financial system.

Given that Japan's possible intervention to support the yen has had little effect and markets are wary of further intervention, Bank of America strategist Alex Cohen believes it is only necessary for the US to get involved in "excessive volatility or disorder and illiquidity in the market". 'a currency that doesn't reflect fundamentals may also be worth selling dollars, increasing reserves denominated in yen, or acting as an agent for the Bank of Japan,'he wrote in Monday's report.

"while the yen appears to be undervalued by any reasonable measure, it is hard to say that the level of the dollar / yen is unreasonable," Cohen said. "acquiescence to Japan's unilateral action seems to be the biggest concession the US Treasury is willing to make so far."

U.S. Treasury Secretary Yellen continued to express dissatisfaction with the government's intervention in the foreign exchange market on Monday.

"it is possible for the state to intervene," Ms Yellen said, but declined to comment on the situation in specific countries. "if there is no more fundamental change in policy, it will not always be effective, butVideopokergamesfreedownloadWe believe that this kind of situation should be very rare, and if it happens, we should communicate with our trading partners. "

At the same time, Japan has not formally commented on its intervention.

Cohen points out that one of the scenarios where co-ordinated intervention may be needed is in line with broader US policy objectives.

"when inflation is milder, the benefits of a weaker dollar for the US will be more obvious," he said. However, "selling dollars at a time when the Fed does not have the confidence to reduce restrictions will lead to policy incoherence."