US Bond Buybacks Fuel Yen Intervention Fears

The US Treasury's surprise move to scale up its bond buyback operations has sent shockwaves through the market, sparking concerns of further interventions to support the Japanese yen.

Since the Japan-US intervention, the yen has weakened against major currencies, and the latest developments have put investors on high alert.

The U.S. Treasury's decision to double its bond repurchases is seen as a move to boost the dollar and stabilize the global economy.