US yen intervention raises the stakes for currency policy

Bloomberg+1 · 23 hours ago
US yen intervention raises the stakes for currency policy
  • A Reuters photograph showed Treasury Secretary Scott Bessent's notepad listing a plan to buy $5B-$10B of Japanese yen.
  • Reuters reported that Treasury had communicated with several banks about a potential yen-market intervention before the yen strengthened sharply against the dollar.
  • President Donald Trump confirmed the US intervention and described it as a signal of friendship toward Japan.