Treasury Secretary Scott Bessent wants to defend the yen without selling Treasuries into a sensitive U.S. bond market. The Federal Reserve could help.

July 31 : The U.S. Treasury intervened to support the yen on Friday through outright purchases, the Financial Times reported, joining Japan in its efforts to boost the currency…

A Reuters photo shows Treasury Secretary Scott Bessent's note about buying $5-10 billion in Japanese yen, raising speculation over U.S. market intervention.

The latest addition to the United State’s to-do list is Japanese currency, yen.