U.S. Treasury Secretary: We May Reach Iran Deal Tomorrow to Open Strait of Hormuz

BlockBeats News, August 4th, according to CNBC, US Treasury Secretary Yellen commented on the yen intervention, stating that she believes the Bank of Japan will pursue the right policies. Regarding yen intervention, if the yen depreciates, other currencies will follow suit. It is a great honor to stand with Japan to help stabilize the situation. Concerns have been raised about excessive volatility in the Korean won. The Fed is considering expanding the foreign and international monetary authority repurchase tool, which is similar to foreign exchange swap lines. An agreement with Iran may be reached as soon as tomorrow to open the Strait of Hormuz. The agreement on the Strait of Hormuz could come as early as Tuesday or Wednesday.