Bessent: U.S. Will Join Future Yen Interventions if Needed

U.S. Treasury Secretary Scott Bessent said Washington will participate in further coordinated foreign exchange intervention with Japan if the yen's value continues to slide.

Bessent made the comments on X, stating that Friday's joint intervention between the U.S. and Japan had helped counter 'disorderly yen movements.'

The Treasury Secretary also expressed support for expanding the Federal Reserve's Foreign and International Monetary Authorities (FIMA) Repo Facility, calling it an important liquidity backstop.

Japan confirmed its first coordinated yen-buying intervention with the U.S. since 2011 on Friday, following a sharp slide in the Japanese currency to a 40-year low against the dollar.