‘Healthy’ dollar-yen correction was overdue, former ECB chief Trichet says
The recent strengthening of the Japanese yen, resulting in a significant drop in the dollar-yen exchange rate, is seen as an overdue and healthy correction rather than a cause for panic, according to Jean-Claude Trichet, former head of the European Central Bank. Trichet’s perspective comes amidst shifting monetary policies, geopolitical tensions, and economic data rattling