U.S. Treasury Secretary denies any intention to intervene in the faltering Japanese currency market

The Japanese yen dropped further in value against the dollar following U.S. Treasury Secretary Scott Bessent’s refusal to intervene in saving the faltering currency. The USD/JPY pair has fallen to historic lows recently due to policy decisions by the Japanese government and central bank. This news signifies a growing divergence between U.S. and Japanese monetary […]