U.S. banks’ reluctance to lend cash may have caused repo shock – BIS

[ad_1] LONDON (Reuters) – The unwillingness of the top four U.S. banks to lend cash combined with a burst of demand from hedge funds for secured funding could explain a…

Japan to take appropriate steps if weak yen turns excessive: FX czar

[ad_1] TOKYO (Reuters) — Japan’s top currency diplomat Masato Kanda warned against the yen’s ongoing weakness on Wednesday, saying the authorities would take an appropriate response if moves become excessive.…