U.S. Spent "Nominal Amount" in Joint Yen-Buying Intervention
Washington, Sept. 15 (Jiji Press)--U.S. Treasury Secretary Scott Bessent said Tuesday that the U.S. side spent a "nominal amount" in its joint currency market intervention with Japan in July to rectify the yen's rapid weakening against the dollar. In a testimony before the House of Representatives' Financial Services Committee, Bessent said, "A stronger yen is better for American exports." ...
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