Treasury Secretary Scott Bessent on Wednesday shut down reports that the U.S. could step into the currency market with the Japanese yen
on intervention watch and the American dollar hitting multiyear lows.
“Absolutely not,” Bessent told CNBC’s Sara Eisen, responding to a question about if the U.S. is intervening in the currency market or strengthening the yen.
The U.S. dollar index
, which tracks the American currency against a basket of foreign peers, fell 1.3% on Tuesday, marking its biggest one-day slide since April. The dollar index also fell to its lowest level since 2022 during the session, but ticked higher in midday trading on Wednesday.
