US Treasury Secretary Scott Bessent said the United States will not hesitate to conduct further intervention in the yen, according to reports. The remarks suggest the US remains open to additional action in currency markets.
The comment was reported by sources who attributed the stance to Bessent. However, the reports differ on the extent of Japan's involvement: one source indicates Bessent referred to 'joint yen' intervention, while another only describes his general openness to intervention without specifying a joint effort with Japan.
Japan also said it would not hesitate to conduct further intervention, according to one account. But other reports attribute the willingness solely to Bessent and do not mention Japan as a speaker, leaving the Japanese position unclear.
Updates
US Treasury Secretary Scott Bessent confirmed that the FIMA Repo Facility was utilized during Friday's coordinated foreign exchange intervention, which aimed to counter yen movements that sent the currency to new 40-year lows. Bessent also characterized the facility as a critical backstop and encouraged its capacity to be upsized in the coming months. The coordinated action was separately confirmed by Japan's Ministry of Finance and US President Donald Trump.
Treasury Secretary Scott Bessent revealed that the FIMA Repo Facility was utilized during Friday's coordinated foreign exchange intervention, which Japan's Ministry of Finance and President Trump have confirmed. Bessent, who noted the action countered yen movements driving the currency to 40-year lows, also encouraged the upsizing of the FIMA facility in the coming months. Additionally, he praised Prime Minister Sanae Takaichi's government for entering a new phase of Abenomics.
US Treasury Secretary Scott Bessent confirmed that the FIMA Repo Facility was used during Friday's coordinated foreign exchange intervention, which aimed to counter disorderly yen movements that pushed the currency to 40-year lows. Bessent also encouraged the upsizing of this lending facility in the coming months. Additionally, Japan's Ministry of Finance and US President Donald Trump confirmed the joint intervention action.
The coordinated foreign exchange intervention was carried out on Friday, July 31, marking the first joint action between the US and Japan since the 2011 earthquake. US Treasury Secretary Scott Bessent indicated that the Federal Reserve's FIMA Repo Facility was used during this action, and he has since encouraged the facility to be upsized in the coming months. Japan's Finance Minister Satsuki Katayama confirmed the yen purchases were conducted in coordination with the US Treasury Department to counter excessive volatility.
On July 31, the US Treasury and Japan's Ministry of Finance conducted a coordinated yen purchase intervention, marking the first joint action between the two nations since the 2011 earthquake. US Treasury Secretary Scott Bessent indicated that the Fed's FIMA Repo Facility was utilized during this coordinated action to counter disorderly yen movements. Japan's Finance Minister Satsuki Katayama confirmed the intervention aimed to address excessive volatility and stated that Japan plans to utilize the FIMA facility in the future.
The coordinated foreign exchange intervention took place on Friday, July 31, marking the first joint action between the US and Japan since the 2011 earthquake. US Treasury Secretary Scott Bessent confirmed that the FIMA Repo Facility was used during this operation, and he has since encouraged increasing the facility's capacity. Japan's Finance Minister Satsuki Katayama stated the intervention aimed to counter excessive volatility and noted plans to utilize the FIMA facility in the future.
The coordinated foreign exchange intervention, which took place on Friday, July 31, involved the use of the US Federal Reserve's FIMA Repo Facility. US Treasury Secretary Scott Bessent encouraged expanding this facility's capacity, while Japan's Finance Minister Satsuki Katayama confirmed the joint action was taken to counter excessive yen volatility in accordance with a 2025 joint statement.
The coordinated foreign exchange intervention, confirmed by Japan's Ministry of Finance and President Donald Trump, took place on Friday, July 31. US Treasury Secretary Scott Bessent indicated that the FIMA Repo Facility was used in this action, which aimed to counter disorderly yen movements that had pushed the currency to new 40-year lows. Bessent further encouraged the upsizing of the FIMA facility in the coming months to serve as an important backstop.
The coordinated foreign exchange intervention on Friday, July 31, utilized the US Federal Reserve's FIMA Repo Facility, a move confirmed by US President Donald Trump and Japan's Ministry of Finance. This marks the first joint intervention between the US and Japan since the 2011 earthquake, aimed at countering disorderly yen movements that had pushed the currency to 40-year lows. US Treasury Secretary Scott Bessent has since encouraged the upsizing of the FIMA facility as a critical backstop for such actions.
US President Donald Trump and Japan's Ministry of Finance confirmed that a coordinated foreign exchange intervention was conducted on Friday, July 31, marking the first joint action between the two nations since the 2011 earthquake. US Treasury Secretary Scott Bessent indicated that the Federal Reserve's FIMA Repo Facility was utilized during this operation and has encouraged increasing its capacity in the coming months. Japan's Finance Minister Satsuki Katayama noted the intervention aimed to counter excessive volatility and stated that Japan plans to continue using the FIMA facility in the future.
The coordinated foreign exchange intervention was confirmed to have taken place on Friday, July 31, involving the US Treasury and Japan's Ministry of Finance. US Treasury Secretary Scott Bessent indicated that the Fed's FIMA Repo Facility was utilized during this action, which marks the first joint intervention between the two nations since the 2011 earthquake. President Donald Trump described the coordinated move as a gesture of friendship to support the weakening yen.
The coordinated foreign exchange intervention involving the US Treasury and Japan's Ministry of Finance was confirmed to have taken place on Friday, July 31. US Treasury Secretary Scott Bessent indicated that the Federal Reserve's FIMA Repo Facility was utilized during this action, which aimed to counter disorderly yen movements. President Donald Trump described the joint operation as a gesture of friendship, noting that the US remains supportive of Japan in managing its weakening currency.
President Donald Trump and Japan's Ministry of Finance confirmed that a coordinated foreign exchange intervention was carried out on Friday, July 31, marking the first joint action between the two nations since the 2011 earthquake. US Treasury Secretary Scott Bessent indicated that the Federal Reserve's FIMA Repo Facility was utilized during this action, which aimed to counter disorderly yen movements that had pushed the currency to 40-year lows. Estimates suggest the scale of the intervention was between $60 billion and $80 billion.
The US and Japan carried out a coordinated foreign exchange intervention on July 31, marking the first such joint action between the two nations since the 2011 earthquake. US Treasury Secretary Scott Bessent confirmed the move to counter disorderly yen movements, while Japanese Finance Minister Satsuki Katayama stated that Japan plans to utilize the US Federal Reserve's FIMA Repo Facility to support the yen without selling its US Treasury holdings. President Donald Trump described the intervention as a gesture of friendship, as the US continues to monitor the yen's significant undervaluation.
The coordinated foreign exchange intervention took place on Friday, July 31, marking the first joint action between the US and Japan since the 2011 earthquake. While the exact scale of the operation was not disclosed by the US Treasury, estimates suggest the intervention was in the range of $60 billion to $80 billion. Additionally, officials confirmed that the Federal Reserve's FIMA Repo Facility was utilized during the action, which aimed to counter the yen's decline to 40-year lows.
The US Treasury and Japanese Ministry of Finance conducted a coordinated yen purchase on Friday, July 31, marking the first joint intervention since 2011. This action utilized the Federal Reserve's FIMA Repo Facility to provide dollar liquidity, a move estimated to be between $60 billion and $80 billion, which allowed Japan to support the currency without the immediate necessity of selling US Treasury holdings. US Treasury Secretary Scott Bessent has since encouraged the upsizing of the FIMA facility to serve as an important backstop for future market stability.
The US Treasury and Japanese authorities conducted a coordinated yen purchase on Friday, July 31, marking the first joint intervention since 2011. To facilitate this, Japan utilized the US Federal Reserve's FIMA Repo Facility for dollar liquidity instead of selling its US Treasury holdings, an action estimated to be between $60 billion and $80 billion.
The US Treasury and Japanese authorities conducted a coordinated yen purchase on Friday, July 31, marking the first joint intervention since the 2011 earthquake. This action utilized the Federal Reserve's FIMA Repo Facility to provide dollar liquidity, which according to some reports, may have allowed Japan to support the yen without selling its US Treasury holdings. While the exact size of the intervention was not disclosed, estimates place the operation at approximately $60 billion to $80 billion.
The coordinated yen purchase on Friday, July 31, marked the first joint intervention between the US and Japan since the 2011 earthquake. US Treasury Secretary Scott Bessent confirmed that the Federal Reserve's FIMA Repo Facility was utilized during the action, and while the exact size of the purchase remains undisclosed, estimates suggest the intervention reached between $60 billion and $80 billion.
The US Treasury and the Japanese Ministry of Finance conducted a coordinated yen purchase on Friday, July 31, marking the first joint intervention between the two nations since 2011. To support this action, the US reportedly used the Federal Reserve's FIMA Repo Facility, providing dollar liquidity to Japan and allowing it to avoid selling US Treasury holdings. While the exact size of the intervention remains undisclosed, estimates suggest the operation involved between $60 billion and $80 billion.
The US Treasury and Japanese authorities conducted a coordinated foreign exchange intervention on Friday, July 31, marking the first joint action of its kind since 2011. To support the yen, Japan utilized the US Federal Reserve's FIMA Repo Facility to obtain dollar liquidity instead of selling US Treasury holdings, while estimates suggest the intervention was on the order of $60 billion to $80 billion. US Treasury Secretary Scott Bessent has since encouraged the upsizing of this facility to serve as a more significant backstop.
The coordinated foreign exchange intervention, confirmed by both the Japanese Ministry of Finance and US President Donald Trump, took place on Friday, July 31, marking the first joint action between the two nations since the 2011 earthquake. To support the yen, the US Treasury Department reportedly sold euros from its Exchange Stabilization Fund, and reports indicate that Japan utilized the Federal Reserve's FIMA Repo Facility to obtain dollar liquidity instead of selling its Treasury holdings. While the exact size of the intervention remains undisclosed by the US Treasury, estimates place the operation in the range of $60 billion to $80 billion.
The US Treasury and Japanese authorities conducted a coordinated yen purchase on Friday, July 31, marking the first joint intervention since the 2011 earthquake. Officials indicated that the US Federal Reserve's FIMA Repo Facility was used during the action, which aimed to counter disorderly yen movements that had pushed the currency to 40-year lows. While the exact size of the intervention was not disclosed, estimates place the operation between $60 billion and $80 billion.
The US Treasury and Japanese authorities conducted a coordinated yen purchase on Friday, July 31, marking the first joint intervention between the two nations since 2011. Reports indicate that Japan utilized the Federal Reserve's FIMA Repo Facility for dollar liquidity during the action, which is estimated to have been in the range of $60 billion to $80 billion. US Treasury Secretary Scott Bessent further encouraged increasing the capacity of this facility to serve as an important backstop.
US Treasury Secretary Scott Bessent confirmed on social media that the FIMA Repo Facility was used in Friday’s coordinated yen intervention, with Japan planning to leverage it in the future to buy yen without selling Treasuries—avoiding upward pressure on US yields—while the US Treasury purchased yen alongside Japanese authorities in its first such action since 2011, though the exact size of the intervention remains undisclosed.
US Treasury Secretary Scott Bessent confirmed on social media that the FIMA Repo Facility was used in the coordinated yen intervention on July 31, and he urged its limit be raised, while Japan’s Finance Minister Satsuki Katayama stated Tokyo plans to use the facility in the future to avoid selling Treasuries and mitigate upward pressure on US yields — a move corroborated by Reuters and Federal Reserve data showing foreign central banks hold $2.65 trillion in Treasuries at the New York Fed, with Japan alone holding $1.14 trillion as of May.
