[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

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. 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.