'Buy $5-10 billion yen': Bessent's note hints at US plan to back Japan's currency

Times of India — Top Stories · 1 Aug 2026, 2:45 am

The United States Treasury is reportedly considering buying Japanese yen. This move follows reports of potential intervention in the currency market. Japanese authorities had already intervened to support their currency earlier. The dollar slipped against the yen as these reports emerged. This marks a significant intervention in support of Japan's currency.

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