U.S. Treasury Secretary's Notepad Reveals Plan to Buy $5-10B in Japanese Yen
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A photograph taken during a U.S. cabinet meeting at Camp David revealed a note on Treasury Secretary Scott Bessent's notepad, stating 'To Do: Buy Japanese Yen (JPY) $5–10 bil.' This comes after Reuters reported that the Treasury had put banks on alert for a possible U.S. intervention in the market for Japan's currency. The yen strengthened following these reports.
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Bessent notepad includes plan to purchase Japanese yen $5-10 billion –...
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Bessent’s ‘to do’ list: buy $5-10 billion worth of Japanese yen, photo...
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