1 of 1
Story summary
- Treasury Secretary Scott Bessent warned traders the Treasury will act as “the house” against yen bets.
- He said the Treasury has asymmetric information on the Bank of Japan’s likely response after recent U.S.-Japan intervention.
- The Treasury will buy back at least $4 billion of 10- and 20-year U.S. Treasury notes.
- The yen rose to about ¥153.3 per dollar on Wednesday, near its strongest level this year.
