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US Treasury Secretary Scott Bessent said that the US stepped in to help fight “disorderly” movements in the yen and is ready to keep helping Japan, while President Donald Trump said the currency-market intervention was a sign of friendship with Tokyo.
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Bessent, Japan Say Won’t Hesitate on More Intervention
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Strategists say the coordinated intervention between Japan and the US increases the risk for anyone betting against the currency. President Donald Trump said the US joined a currency-market intervention that lifted the yen last week as a sign of friendship with Japan.
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