Scott Bessent warns traders against betting against the Japanese yen
Following previous joint currency interventions with Tokyo, Scott Bessent issued a stern warning to financial traders attempting to short the Japanese yen.
- Scott Bessent issued an explicit warning to currency traders regarding the yen.
- The warning follows a prior joint intervention with Tokyo to support the yen.
Sources
- Bloomberg — ‘I Am the House Now’: Bessent Challenges Traders on Yen
- Financial Times — ‘I am the house now’: Bessent warns traders not to bet against yen
- Bloomberg — Bessent Dares Traders on Yen Bets: ‘I Am the House Now’
- Bloomberg — Treasury Secretary Bessent Says He Has ‘Pretty Good Insight’ on Yen Moves