Wiping out half of the intervention gains! The yen is once again approaching 160, and Bessenet declares "at all costs," yet it is hard to conceal the limited ammunition.

date
11/08/2026
According to the Zhichun Finance APP, U.S. Treasury Secretary Scott Basset has suggested adopting an unlimited approach to help Japan rescue the yen. This statement may raise doubts among market participants, who believe that the actual firepower he can mobilize is limited.