Why the U.S. Sold Europe's Currency to Save Japan's (disruptionbanking.com)
On July 31st, Treasury Secretary Scott Bessent spent billions to buy Japanese yen and prop up the struggling currency, the first such intervention since The United States and Japan spent tens of billi...
The US and #Japan spent tens of billions to lift the yen off a 40-year low. Two weeks later it's back at 160. Washington wasn't defending the yen. It was defending its own bond market from Japan's $1.1T in Treasuries. #Yen #Markets
www.disruptionbanking.com/2026/08/14/w...
