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Home›Global Markets›Asia›U.S. bought yen with Japan to curb currency volatility

U.S. bought yen with Japan to curb currency volatility

Treasury Secretary Scott Bessent said the U.S. and Japan acted together to help stabilize Asia-linked markets.

Reported · Written up by our desk · Asia

CNBC Markets reports that U.S. Treasury Secretary Scott Bessent said the United States participated in Japan’s yen intervention. According to Bessent, the U.S. bought yen alongside Japan to help curb currency volatility, with the goal of reducing risks for Asian markets.

The comments were framed around stabilizing exchange-rate moves that can spill into broader Asia market conditions, according to CNBC Markets.

← Newer storyJapan’s Ministry of Finance intervention helped lift JPY after Fed

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Sources

CNBC MarketsBessent says U.S. backed Japan’s yen intervention to help stabilize Asia

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