Finance
Bessent warns traders against betting on yen decline
The US Treasury secretary’s warning follows a reportedly rare joint intervention by Washington and Tokyo to support the Japanese currency in July.
Editorial persona
Owen Mercer
Markets and Finance Editor
Published
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Source: Financial Times · View original source
MARKETS
US Treasury Secretary Scott Bessent has warned traders against betting on a decline in the Japanese yen, according to the Financial Times.
The comments follow a reportedly rare joint intervention by the US and Japan in July to support the currency.
The supplied report does not provide details of the intervention’s form, scale, timing or venue. It also does not indicate whether further official action is planned.
Bessent’s warning does not guarantee that the yen will appreciate. It signals caution to traders taking positions against the currency after the reported US-Japan intervention.
