Daily Market Updates: Fed could be drawn into effort to support Japan’s yen

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Fed could be drawn into effort to support Japan’s yen

Treasury Secretary Scott Bessent is seeking a yen defense strategy that avoids selling Treasuries, a move that could be sensitive for U.S. bond markets.

Reported · Written up by our desk · Central Banks

Treasury Secretary Scott Bessent is aiming to defend Japan’s yen without selling U.S. Treasuries, a plan CNBC Markets says could be sensitive given the U.S. bond market backdrop.

According to CNBC World, the Federal Reserve could play a role in supporting the yen effort if Bessent’s approach does not involve Treasuries sales.

The analysis centers on how policymakers might weigh yen support measures against the potential impact on U.S. rates and Treasury market liquidity, with the Fed potentially pulled into the policy mix.

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Sources

CNBC MarketsAnalysis: Federal Reserve may be pulled into Bessent’s effort to support Japan’s yen

CNBC WorldAnalysis: Federal Reserve may be pulled into Bessent’s effort to support Japan’s yen

Bonds & Rates

Fed could be drawn into effort to support Japan’s yen

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