What does this mean for /biz/?https://www.reuters.com/world/asia-pacific/us-treasury-informed-banks-that-it-may-intervene-yen-source-says-2026-07-31/
>>62546955scott bessent is our treasurer. the world will bend to our will. oil is $80 because we say it is. the yen is strong because we say so. deal with it
Actually, I misread. Japan already intervened.Now, the US is about to intervene in the yen market.So, expect the yen to surge some more.
no more cheap Tokyo vacation. Get out gaijins!!!!
too many people shorting the yen I guess, bussy bessent just had to gape them
Japan can’t intervene anymore for a while unless they want to be classified as a China tier currency. Let the yen crumble