- Fighting between Israel and Hezbollah escalated into a wider war, while JD Vance held talks with Iranian officials and the U.S. Treasury issued oil sanctions waivers.
- Katayama and Scott Bessent discussed the impact of the Iran conflict on global markets.
- Scott Bessent has been confirmed as U.S. Treasury Secretary and is speaking on U.S. economic strategy.
- Scott Bessent is observing the market risks stemming from potential bond sales in Japan and the resulting pressure on the global financial stability due to the weak yen.
BOJ conducts a record $90BN intervention to support the yen amid falling Japanese foreign securities holdings.
1 report, 1 independent
Updated Sep 7
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What happened
BOJ conducts a record $90BN intervention to support the yen amid falling Japanese foreign securities holdings.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
- BOJ
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Scott Bessent
United States Secretary of the Treasury
Related events
- The US and Japan jointly intervened in the currency market to support the Japanese Yen, with expert commentary from Monex Group to CNBC.
- Scott Bessent's comments are pushing the Bank of Japan toward a rate hike, which is affecting the yen's slide.
- The Bank of Japan is noting how its policy influences carry trades, while global capital flows connect the Japanese currency to Indian markets amid strong US dollar expectations driven by the FED.
- BOJ policy shifts and JGB yields are influencing risk asset valuations, including Bitcoin.
- Bank of Japan is pushing for a strong yen, with Donald Trump and Scott Bessent commenting on the move.