Treasury Secretary Scott Bessent on Tuesday dared traders to bet against the Japanese yen, saying he now operates with inside knowledge of Japanese policy moves and challenging anyone to trade against him.
Geiger Capital flagged the quote on X, with Bessent telling markets he now operates with direct insight into Japanese policy moves.
“I am the house now,” Bessent said. “And you can bet against me if you want.”
The comment signals Washington believes it has the upper hand in coordinating yen strength with Tokyo, effectively warning traders that betting against the yen means betting against a counterparty with policy visibility they do not have.
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