U.S.-Japan Intervention Revives Yen Carry Trade Fears for Bitcoin

Bessent’s Quixotic Attempt to Strengthen the Yen

George Santanyana, the Spanish philosopher, famously said that those who cannot remember the past are condemned to repeat it. When it comes to foreign currency intervention, it is surprising that of all people, Treasury Secretary Scott Bessent, a former hedge fund operator, seems to have forgotten the many earlier attempts at foreign exchange intervention that failed for want of being supported by fundamental economic policy change. This has ind…

EDITORIAL: Bessent's defense of yen poses risk

Treasury Secretary Scott Bessent’s decision to join Japan in supporting the yen was the first joint intervention of its kind for decades and took investors by surprise.

Scott Bessent's Yen Bazooka Exposes Fragile Global Finance Built on Borrowed Time

Treasury Secretary Scott Bessent scribbled a simple note. Buy Japanese yen. Five to ten billion dollars worth. The message, captured on camera during a cabinet meeting, signaled more than routine market tinkering. It marked the first joint U.S.-Japan currency intervention in three decades. And it came at a moment when the yen had plunged past 163 to the dollar. A level not seen since 1986. Japan did the heavy lifting. Its operations topped $50 b…

Scott Bessent fired a currency bazooka, but global finance still looks like a 'giant Jenga tower' propped up by a Japanese yen that's in deep trouble

"Now traders are watching the 'yen carry trade,' where cheap yen borrowing funds bets on higher-yielding assets worldwide, and wondering if it’s about to blow up."

U.S.-Japan intervention revives yen carry trade fears for bitcoin

Coordinated action sent the yen sharply higher, but bitcoin’s recent correlation suggests U.S. dollar strength, rather than the carry trade, may be the bigger risk. U.S. Treasury Secretary Scott Bessent confirmed Sunday that the U.S. joined Japan in coordinated foreign exchange intervention last Friday, calling it a move to counter “disorderly yen movements.” The USD/JPY pair almost hit 164 its weakest level since 1986 before snapping back to 15…

USD/JPY Extends Gains As Yen Gives Back Intervention-Fueled Rally

BitcoinWorld USD/JPY Extends Gains as Yen Gives Back Intervention-Fueled Rally The US dollar climbed against the Japanese yen on Tuesday, with USD/JPY trading in positive territory as the yen surrendered gains that had followed recent intervention efforts by Japanese authorities. As of the latest session, the pair hovered near 155.20, reflecting renewed dollar strength and fading momentum from Tokyo’s market actions. What Drove the Yen’s Revers…