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Breaking Posted 2 hours ago

Bessent: Asian currencies follow yen; confidence in BOJ Ueda

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U.S. Treasury Secretary Bessent said many Asian currencies including the Korean won and Chinese yuan currently track the yen, and expressed high confidence in BOJ Governor Ueda as market-savvy. The comment reflects coordination between Treasury and BOJ on yen dynamics, signaling U.S. comfort with current yen intervention strategy and indirectly supporting JPY stability across major pairs.
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