US Treasury Secretary Bessent says "we are absolutely not intervening in USD/JPY currently", via CNBC; US does not speculate on interventions
Newsquawk Staff ·
- Has always had a strong USD policy.
What it means
The statement from US Treasury Secretary Bessent clarifies that there will be no intervention in the USD/JPY exchange rate, which may imply a strong commitment to a current strong dollar policy. This signals stability in USD trends and may affect market expectations around USD strength, particularly against JPY, which could prompt traders to reassess positions and risk appetite in both forex and commodity markets.
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