Curry Dish, Not Big Mac, Captures Just How Weak Yen Is, BNY Says

A senior strategist at Bank of New York Mellon used the price of a Japanese curry dish to measure the yen's weakness as effects from recent currency intervention diminished. The comparison tracked the cost of the dish across markets as an alternative measure of currency valuation. BNY Mellon did not specify the exact price point or timeframe for the analysis.

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