USD And JPY: Trump, Bessent Intervene to Rescue a Weakening Japanese Yen

One of the most dramatic foreign exchange market interventions in decades aims to stabilize the slumping yen — and stave off a larger crisis.

By Naomi Ng, Yang Yang, Rachael Lewis-Krisky and Victor Swezey · Bloomberg Markets

One of the most dramatic foreign exchange market interventions in decades aims to stabilize the slumping yen — and stave off a larger crisis.