fima

US Treasury Secretary Bessent has been pretty busy these past two days—I dug into the details. Last week the US and Japan jointly stepped in to support the yen; it was the first time since 1998 that they jointly bought yen, and the first coordinated action between the US and Japan since 2011. When asked whether they would do it again, Bessent said there would be no hesitation, and if necessary they would continue to coordinate and intervene.

He also used the opportunity to call on the Fed to expand the pool under the FIMA repo facility. In plain terms, this is to ensure Japan doesn’t have to sell US Treasuries, while still being able to obtain dollar liquidity directly from the Fed.

When it comes to exchange rates, a single statement from the Treasury is more effective than a research report. $BTC is now at over 63,000, hovering with macro sentiment. $ETH is also stuck above the low thousands.

#贝森特 #日元干预 #FIMA

🏛️ US Treasury official supports expanding FIMA facility for the Federal Bank

Nellie Bessent, Deputy U.S. Treasury Secretary for Domestic Finance, said she supports expanding the Foreign and International Institutional Repurchase Agreements (FIMA) facility of the Federal Reserve. This expansion could help ease liquidity pressures in global markets, which may in turn affect risk assets overall.

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📊 Impact: 📈 High
🏷️ REGULATION

#USTreasury #FederalReserve #FIMA #GlobalMarkets #Liquidity

📰 Source: cryptobriefing.com