5 August 2026 at 1:55 am
Summary
Former hedge fund manager Scott Bessent, now Treasury Secretary, used his experience to orchestrate the first joint US-Japan currency intervention since 2011 to prop up the yen. This move, surprising to markets, is seen as an attempt to stabilize the yen and manage the implications for America's growing national debt, which Japan holds a significant portion of.
Bessent's 'To-Do' List Reveals US Plan to Buy Billions in Japanese Yen
1 Aug 2026, 7:32 am · finance
Yen Eases but Retains Gains from Intervention
4 Aug 2026, 11:49 pm · Economics
Japan and US Conduct Coordinated Yen-Buying Intervention
5 Aug 2026, 9:52 am · International Relations
Oil Prices Tumble as Treasury Secretary Hints at Imminent US-Iran Deal on Hormuz Strait
5 Aug 2026, 3:53 am · international relations
Yen Intervention Highlights Declining Dollar Reserve Status
5 Aug 2026, 11:50 am · Economics
Jay Clayton Sworn In as US Director of National Intelligence After Contentious Hearing
5 Aug 2026, 7:48 am · Government
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