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U.S. Treasury Secretary Scott Bessent said on Sunday that Washington would not hesitate to take part in an additional coordinated intervention in the foreign exchange market with Japan if the yen’s volatile moves continued.
In a post on the X platform, Bessent said that the joint intervention carried out by the United States and Japan on Friday helped counter "disturbing moves in the yen," stressing that the Treasury Department is still in close contact with Japan’s Ministry of Finance and the Bank of Japan (BOJ).