Bessent Signals Shift in US Policy with Yen Intervention Rationale

US Treasury Secretary Scott Bessent has provided additional justification for potential yen intervention, signaling a more active US approach to foreign exchange policy.

Bessent elaborated on the conditions under which the US might support intervention to strengthen the yen, citing excessive volatility and market dysfunction as key triggers.

The remarks come amid persistent pressure on the yen, which has remained weak against the dollar due to divergent monetary policies between the Federal Reserve and the Bank of Japan.