Treasury Secretary Bessent's Notepad Shows Plan to Buy Up to $10 Billion in Japanese Yen

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A photograph taken during President Trump's cabinet meeting at Camp David revealed Treasury Secretary Scott Bessent's notepad listing a plan to buy $5-10 billion in Japanese yen. The Reuters photo, captured at 11:33 a.m. ET, showed the note 'Buy Japanese Yen (JPY) $5-10 bil' with no other items listed. The Treasury Department did not immediately respond to a request for comment. Earlier on Friday, Reuters reported that Treasury had told several banks it may intervene in the yen market, and Japanese authorities had already acted in Tokyo trading to support the currency. The dollar-yen pair closed at $157.43, up 0.01%, and the U.S. last intervened to support the yen in 2011 as part of a coordinated G7 action.

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