Business

Federal Reserve May Assist in Yen Defense Efforts

Updated 2026-08-03 22:55 UTC 1 source Neutral

Treasury Secretary Scott Bessent is seeking to defend the Japanese yen without selling U.S. Treasuries into a sensitive market, potentially involving Federal Reserve support.

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CNBC

Analysis: Federal Reserve may be pulled into Bessent’s effort to support Japan’s yen

Treasury Secretary Scott Bessent wants to defend the yen without selling Treasuries into a sensitive U.S. bond market. The Federal Reserve could help.

2026-08-03 22:40 UTC