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US Treasury Secretary considers buying Japanese yen

Published Friday, July 31, 2026 · Updated August 1

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Narrative Spectrum

Convergent Narrative · 0
  • Potential US Yen Intervention — 1 source

Media Analysis

AI synthesis

US Treasury Secretary Scott Bessent is considering buying Japanese yen, as evidenced by a Reuters photograph of his notepad. The US Treasury has also alerted banks to be prepared for potential intervention in the Japanese yen market, signaling possible action to bolster the currency.

What We Know — Key Points

  • A Reuters photograph taken on July 31, 2026, at 11:33 ET (1533 GMT) shows U.S. Treasury Secretary Scott Bessent's notepad with the underscored words "To Do" followed by "Buy Japanese Yen (JPY) $5-10 bil."
  • The U.S. Treasury has informed a number of banks that it may intervene in the Japanese yen market on Friday and that they should "stand ready for future action."

What Is Claimed — Perspectives

Potential US Yen Intervention
  • Channel News Asia

    Channel News Asia reports on a Reuters photograph showing US Treasury Secretary Scott Bessent's notepad with a note to 'Buy Japanese Yen (JPY) $5-10 bil.', indicating a potential US intervention in the Japanese yen market. The outlet also highlights that the U.S. Treasury has informed banks to be ready for future action, suggesting an imminent intervention to stabilize the yen.

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