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Yen rises to a one-month high as traders weigh possible intervention

U.S. Treasury Secretary Scott Bessent said he expects Japanese authorities to act to support a stronger yen.

Reported · Written up by our desk · Major Pairs

The yen jumped to a one-month high as currency traders assessed the likelihood of additional Japanese intervention. CNBC Markets reported that the move followed expectations that Tokyo could take further steps to bolster the yen.

In an interview with CNBC on Monday, U.S. Treasury Secretary Scott Bessent said he believed Japanese authorities would take action to lead to a stronger yen. The comments framed market focus on whether intervention efforts would continue.

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