Bessent’s Defense of the Yen Is a Risky Innovation

Treasury Secretary Scott Bessent’s decision to join Japan in supporting the yen was the first joint intervention of its kind ...

Scott Bessent is using moves from his hedge fund days to prop up Japan’s yen—and America’s $40 trillion national debt

The man who once shorted currencies is now propping them up. “He takes risks that other Treasury Secretaries over the past ...

Bessent’s yen gamble shows the dangers of being a forced seller

You would be surprised how often the trigger for market volatility comes out of left field. While everyone is looking for ...

Bessent Brings Hedge Fund Playbook to Yen Rescue

Scott Bessent is bringing a hedge fund playbook to the Treasury, and Japan is the latest test case. The former Soros trader ...
24/7 Wall St.

Bessent and Warsh Called ‘Double Whammy to Global Markets’ as 30-Year Treasury Yields Soar

The 30-year Treasury yield just crossed a threshold not seen since 2007, the dollar is weakening when it should be ...
Cfr.org

Why the U.S. Intervened to Prop Up Japan’s Yen

The United States and Japan carried out their first coordinated currency intervention in more than a decade: buying yen to arrest its slide to a forty-year low. CFR’s Brad W. Setser explains what is ...

US Sold Euros to Save the Yen, Europe Found Out After

The US used euros, not dollars, to prop up the yen, catching the European Central Bank off guard with no clear communication.

Freefalling yen sparks rare US intervention as Scott Bessent vows 'whatever it takes.' Will Americans pay the price?

A plunging Japanese yen has Washington taking one of its rarest financial actions in years. After the US joined Japan in a ...