60 Days
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الاقتصادية
Source: الاقتصادية
60 Daysالاقتصادية
Source: الاقتصادية
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The US Treasury Secretary, Scott Bessent, expressed his confidence in supporting the Japanese yen through direct market interventions and the privileged inside information he possesses. He clarified that he controls the intervention decisions and anticipates strong movements as long as he continues to play his role. Following previous interventions, the yen rose to approach its highest level this year, despite no clear signs of a new intervention, with expectations that Japanese interest rates will remain high after the Bank of Japan's potential signals to raise them in September. Bessent also noted that the United States has doubled its purchases of the yen, spending a record $96.4 billion to support it. This comes amid rising bets on the dollar weakening against the yen to below 150 yen, although some experts warn that Bessent’s statements may be merely market tactics.
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