Bessent dares traders to bet against yen: ‘I am the house now’
U.S. Treasury Secretary Scott Bessent has said that when he makes market calls these days, he's effectively doing so with inside information.
U.S. Treasury Secretary Scott Bessent has boldly dared traders to bet against the Japanese yen, claiming he now wields significant influence over the currency. In an unusually forceful stance during a speech at Southern Methodist University in Texas, Bessent stated, "I am the house now, so when we intervene with the Japanese yen, I have pretty good insight into what the Japanese, what the Bank of Japan is going to do, what Japanese policymakers are going to do."
The former hedge fund manager, known for his bold currency bets, has recently made history by being the first U.S. authority to purchase yen in over three decades. Additionally, Bessent recently announced plans to increase the U.S. government's purchases of U.S. Treasuries to curb rising yields.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
