[MARKET UPDATE] USD/JPY rises to session highs of 153.68 (from 152.82) as US Treasury Secretary Bessent says the US is "absolutely not intervening in USD/JPY currently"; the Bitcoin leg lower also coincided with the comments
The rise in USD/JPY to 153.68 suggests strong demand for the dollar against the yen, particularly following Treasury Secretary Bessent’s clear statement on non-intervention in the currency pair.
US Treasury Secretary Bessent on Canadian relations, says, in the end "I think we will end up in a good place"; USMCA talks are coming up, via CNBC
US Treasury Secretary Bessent says there is no trade deal with South Korea until they ratify the deal, via CNBC; on the EU, he calls them disappointing after freezing the trade deal during President Trump's Davos speech
[MARKET UPDATE] USD/JPY rises to session highs of 153.68 (from 152.82) as US Treasury Secretary Bessent says the US is "absolutely not intervening in USD/JPY currently"; the Bitcoin leg lower also coincided with the comments
US Treasury Secretary Bessent says "we are absolutely not intervening in USD/JPY currently", via CNBC; US does not speculate on interventions
US Treasury Secretary Bessent says the US always has a strong USD policy, via CNBC
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This comment could signal confidence in the dollar's strength, while the concurrent drop in Bitcoin may reflect a risk-off sentiment, potentially pushing investors towards traditional safe-haven currencies. Traders should keep an eye on further developments around US monetary policy, as these dynamics could influence future USD/JPY movements.
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