Bessent says Friday's coordinated foreign exchange actions countered disorderly yen movements
“The Trump Administration delivers for America's trusted partners. Economic security is national security. And the U.S.-Japan alliance is built on both. Friday's coordinated foreign exchange actions countered disorderly yen movements. Treasury remains attentive and in close”
Bessent suggests Treasury has asymmetric information that justified joining Japan's market intervention.
“I think that the market should think, well, why would we have joined the Japanese in the intervention at this time? Do we know something the market doesn't know?”