{"id":88649,"date":"2026-09-09T02:21:16","date_gmt":"2026-09-09T02:21:16","guid":{"rendered":"https:\/\/www.europesays.com\/japan\/88649\/"},"modified":"2026-09-09T02:21:16","modified_gmt":"2026-09-09T02:21:16","slug":"bessent-says-he-knows-japans-yen-intervention-playbook-dares-traders-to-bet-against-him","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/japan\/88649\/","title":{"rendered":"Bessent Says He Knows Japan\u2019s Yen-Intervention Playbook, Dares Traders to Bet Against Him"},"content":{"rendered":"

U.S. Treasury Secretary Scott Bessent said he has a strong grasp of moves by the Bank of Japan and Japanese policymakers tied to market intervention aimed at strengthening the yen, adding that traders can bet against him if they want.
\nHe said the yen has recently extended its gains even without confirmed additional intervention, with expectations for a BOJ rate hike and the dollar-yen rate\u2019s fall below 155 adding momentum to the yen\u2019s advance.
\nThe BOJ is leaning toward a 0.25-percentage-point rate increase, while the Japanese government said it will continue close communication with the U.S. on exchange-rate policy through coordinated cooperation.<\/p>\n

Forecast Trend Report by Period<\/p>\n

\"Loading\"LoadingSee more mid- to long-term trend analysis\"Photo:Photo: Shutterstock<\/p>\n

U.S. Treasury Secretary Scott Bessent said he has a firm grasp of how the Bank of Japan and Japanese policymakers would respond in any market intervention aimed at strengthening the yen, adding that anyone who wants can bet against him.<\/p>\n

Bloomberg reported on September 8 that Bessent made the remarks at an event at Southern Methodist University in Texas. Responding to criticism that a Treasury secretary takes on risk by intervening in markets, he said, \u201cThe advantage I have is asymmetric information.\u201d<\/p>\n

Bessent, a former hedge fund manager, cited the July 31 episode in which the U.S. and Japan jointly bought yen. The Japanese currency strengthened immediately after the intervention, but later surrendered part of those gains as questions emerged about limits on how much money the U.S. Treasury could deploy in foreign-exchange markets.<\/p>\n

\u201cI\u2019m the house now,\u201d Bessent said. He added that he has a strong sense of what Japan, the BOJ and Japanese policymakers will do when intervening in the yen. \u201cIf you want, you can bet against me.\u201d<\/p>\n

The yen has continued to strengthen recently even without any confirmed additional intervention. Expectations for a BOJ rate increase have risen, and the yen\u2019s advance gathered momentum after the dollar-yen exchange rate fell below 155, a level widely seen as key support.<\/p>\n

The BOJ is said to be leaning toward raising its benchmark rate by 0.25 percentage point on September 18. It is also leaving open the possibility of accelerating the pace of rate hikes depending on inflation.<\/p>\n

Bessent has repeatedly signaled that he prefers Japan to address yen weakness through BOJ rate increases rather than repeated intervention in the foreign-exchange market.<\/p>\n

The Japanese government has also said it will maintain coordination with Washington. Japanese Finance Minister Satsuki Katayama said on September 8 that the two countries\u2019 approach to exchange-rate policy had not changed even after their joint intervention in currency markets and that Tokyo would continue close communication with the U.S. Treasury.<\/p>\n

Bessent has recently taken an active approach not only in foreign exchange but also in the bond market. He said the same day that last month\u2019s expansion of long-term U.S. Treasury buybacks was intended to cool excessive heat that had built up in the bond market.<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. Treasury Secretary Scott Bessent said he has a strong grasp of moves by the Bank of Japan…\n","protected":false},"author":2,"featured_media":88650,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[2670,2664,2674,2662,2663,2669,2668,2666,2665,2667,2673,2671,8,2672],"class_list":["post-88649","post","type-post","status-publish","format-standard","has-post-thumbnail","category-japan","tag-bitcoin","tag-bitcoincommunity","tag-blockchain","tag-bloomingbit","tag-coincommunity","tag-coininfo","tag-coininvest","tag-coinnews","tag-coinreview","tag-coinstats","tag-cryptocurrency","tag-ethereum","tag-japan","tag-solana"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/88649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/comments?post=88649"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/posts\/88649\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media\/88650"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/media?parent=88649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/categories?post=88649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/japan\/wp-json\/wp\/v2\/tags?post=88649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}