The U.S.Secretary of the Treasury met with the Japanese Finance Minister to discuss possible cuts in the Japanese discount rate.The likely outcome of currency speculation in response to this news is that

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If the Japanese discount rate is cut, it would likely lead to a depreciation of the yen as lower interest rates make the currency less attractive to investors. Consequently, the dollar would appreciate relative to the yen.

The USSecretary of the Treasury Met with the Japanese Finance Minister