U.S. Treasury Ready to Join Coordinated Intervention to Curb Yen Swings
Treasury Secretary Bessent says the U.S. will not hesitate to join additional coordinated intervention to address disorderly yen moves, maintaining close contact with Japan's MOF and BOJ.
USDJPY
U.S. Treasury Secretary Bessent stated that the Treasury is prepared to participate in further coordinated intervention to curb disorderly fluctuations in the Japanese yen. He emphasized vigilance and close communication with counterparts at the Ministry of Finance and Bank of Japan.
The remarks signal a willingness to support Japan’s efforts to stabilize its currency, underscoring ongoing trans‑Pacific coordination on foreign exchange matters. No specific triggers or timing were mentioned.
Source: First Squawk