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Bessent ready to repeat joint yen intervention, urges bigger Fed backstop
Aug 2 : U.S. Treasury Secretary Scott Bessent said on Sunday he will not hesitate to repeat a U.S. and Japanese coordinated foreign exchange intervention that countered disorderly yen movements and urged that a Federal Reserve backstop for foreign central banks and monetary authorities be "upsized." Bessent
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adnkronos.com
Bessent Suggests Japan May Have Intervened into Forex Markets
Washington, July 30 (Jiji Press)--U.S. Treasury Secretary Scott Bessent on Thursday suggested that Japanese authorities may have intervened into foreign exchange markets to…
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zerohedge.com
US Treasury Informed Banks It May Intervene In Japan's Yen, As Market Laughs At BOJ's Own Attempts To Prop Up Currency
The US Treasury informed a number of banks that it may intervene in the Japanese yen market on Friday and that they should "stand ready for future action."
