Bessent: recent yen swings stay within bounds, not disorderly
US Treasury Secretary Scott Bessent said recent yen movements were "pretty well contained" and not the kind of disorderly moves that prompted a rare joint US-Japan intervention last month. The yen slid below 160 per dollar on August 28, a threshold that typically signals increased likelihood of intervention. Bessent expects Bank of Japan Governor Kazuo Ueda will "do the right thing" regarding monetary policy.
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