82FINANCE
⚡ Markets: Direct verbal intervention from the US Treasury Secretary significantly increases the risk of coordinated FX intervention to strengthen the JPY. Creates short-term upside risk for JPY and downside for USDJPY.USDJPYJPY
In a highly unusual and direct statement, US Treasury Secretary Scott Bessent warned currency traders not to bet against the Japanese Yen. His comment, "I am the house now," strongly implies high-level concern and a readiness to undertake coordinated intervention to strengthen the currency.
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