The US and Japan jointly intervened in the currency market to support the Japanese Yen, with expert commentary from Monex Group to CNBC.
28 reports, 9 independent
Updated Sep 15
Gone quiet
Reached 3 outlets in its first 24 hours
- Reports
- 28
- Developments
- 4
- Repetition
- 93%
New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
The US and Japan jointly intervened in the currency market to support the Japanese Yen, with expert commentary from Monex Group to CNBC.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Bessent's comments on intervention affected the USD/JPY currency market.1 source
- US-Japan intervention causes currency decline.Sub-event
- Scott Bessent's comments are pushing the Bank of Japan toward a rate hike, which is affecting the yen's slide.Sub-event
US/Japan intervene to stabilize Yen amid global market pressures.1 source
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The entities involved
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yen
official currency of Japan
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Scott Bessent
United States Secretary of the Treasury
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CNBC
American basic cable and satellite business news television channel
Related events
- Pioneer Investments analyzes Japan's FX move, noting that both nations reduced foreign holdings of US Treasuries.
- 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.
- Bank of Japan is pushing for a strong yen, with Donald Trump and Scott Bessent commenting on the move.
- A joint yen-buying operation has been initiated to stabilize markets, concurrent with warnings from the U.S. Treasury regarding yen volatility risks.