The man who once shorted currencies is now propping them up. “He takes risks that other Treasury Secretaries over the past two generations wouldn't.”

Treasury Secretary Scott Bessent said the U.S. bought yen alongside Japan to curb currency volatility and reduce risks to Asian markets.

A plunging Japanese yen has Washington taking one of its rarest financial actions in years. After the US joined Japan in a rare effort to buy Japanese yen and support the struggling currency, Treasury Secretary Scott Bessent said (1) the Trump administration would do “whatever it takes” to keep supporting the yen.

A handwritten note spotted on a Treasury Secretary's legal pad during a Cabinet meeting set off a chain of events connecting Tokyo's currency markets to the mortgage payment on your home. The link between Japan's weakening yen and American borrowing costs is hiding in plain sight.

US Treasury Secretary Scott Bessent sees Japan’s fiscal condition improving, according to Finance Minister Satsuki Katayama, who spoke after Bessent gave a series of interviews in the wake of Washington’s move to help Tokyo prop up the yen last week.

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

The 30-year Treasury yield just crossed a threshold not seen since 2007, the dollar is weakening when it should be strengthening, and two new power players in Washington are sending markets signals that contradict each other.

TOKYO, Aug ⁠5 (Reuters) - ⁠U.S. Treasury ⁠Secretary Scott Bessent said ​he was sure ‌Bank of Japan ‌Governor ⁠Kazuo ⁠Ueda will "do what is best" for the ​country's economy, public broadcaster NHK reported ​on Wednesday.

Treasury Secretary Scott Bessent joins 'Squawk Box' to discuss details of the U.S.-Japan yen intervention, what drove the U.S. to intervene, his thoughts on Japan's policy path, and more.