US treasury sec Jack Lew still talking 27 June 2016

  • US economy doing pretty well despite headwinds
  • sees long period of change after Brexit vote
  • watching exchange rates very closely, unilateral action to intervene would be inappropriate

    • The "watching rates very closely" in in line with all the post-Brexit rhetoric so far. The unilateral action reference is a thinly disguised nod to Japan.

    USDJPY currently 101.62 as yen safe-have demand prevails knocking core pairs lower.

    US Treaury Sec Lew -Watching very closely