Weekend - 'Yellen counsels caution on currency intervention after surge in yen'

US Treasury Secretary Janet Yellen advised caution regarding currency intervention following a significant rise in the yen's value. She emphasized that such interventions should be rare and conducted in consultation, aligning with the G7 agreement to let market forces determine exchange rates. Yellen's comments suggest a tepid US support for Japan's recent currency moves, underscoring the importance of stability over manipulation in international exchange rates.