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USD/JPY Plunges as Treasury Chief Bessent Dares Traders to Bet Against Yen

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The Story

News Summary

  • U.S.
  • Treasury Secretary Scott Bessent warned traders against shorting the yen, highlighting direct coordination with Japanese officials and pushing for Bank of Japan rate hikes.
  • The aggressive stance and coordinated intervention threats reinforce expectations of continued yen strength, pressuring USD/JPY toward sub-150 levels.
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Stored market data

USDJPY price history

153.55 -1.15% over the displayed period

Advisor Snapshot

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