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Treasury Secretary Scott Bessent defended joint U.S.-Japan yen interventions, claiming asymmetric market insight. Analysts warn that a strengthening yen threatens to unwind global carry trades, exert…
European central bankers expressed concern over US policy actions, including a surprise yen intervention and plans for Treasury buybacks, signaling potential transatlantic financial strains.
Bitcoin fell over 2% as fears of a Japanese Yen carry trade unwind intensified following a rare joint US-Japan intervention to strengthen the Yen. US Treasury Secretary Scott Bessent vowed further co…