Bessent Dares Traders to Bet Against Yen: ‘I Am the House Now’

Comments follow July’s rare joint intervention with Tokyo to support Japanese currency

Treasury Secretary Scott Bessent challenged traders to counter his efforts to strengthen Japan’s currency, touting that when he makes market calls nowadays he’s effectively doing so with inside information. Bloomberg's Sunny Bangia breaks down the news. (Source: Bloomberg)

Treasury Secretary Scott Bessent challenged traders to counter his efforts to strengthen Japan’s currency, touting that when he makes market calls nowadays he’s effectively doing so with inside information.