Yen Plummets After Bessent Rules Out Currency Intervention

The yen sank against the dollar after Treasury Secretary Scott Bessent said the US is “absolutely not” intervening in the market for Japan’s currency.

By Ezra Fieser, Anya Andrianova · Bloomberg Markets

The yen sank against the dollar after Treasury Secretary Scott Bessent said the US is “absolutely not” intervening in the market for Japan’s currency.