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August 1, 2026
US Treasury Secretary Reveals Yen Purchase Plans in Meeting
- A visible note from Treasury Secretary Scott Bessent indicated plans to buy $5-$10 billion in yen.
- The note was photographed during a cabinet meeting at Camp David and showed Bessent's name card.
- The US Treasury has not intervened in the yen market since 2011, raising speculation about future actions.
2 Sources
- Bessent ‘to-do’ list shows proposal for US to buy $5bn-$10bn of Japanese yenAug 1, 2026 at 12:33 AM · The Guardian
- Japan to announce Tokyo, Washington took joint action on yen, sources sayAug 2, 2026 at 1:21 AM · Reuters