Bessent ‘to-do’ list shows proposal for US to buy $5bn-$10bn of Japanese yen - The Guardian
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- Bessent has a to-do list that includes a proposal for the US to buy $5bn–$10bn of Japanese yen, according to The Guardian.
- US Treasury undertook what multiple outlets are calling a historic intervention in the yen, with Bessent and the Fed helping Japan reverse months of yen losses.
Why it matters: The US Treasury, coordinated with the Fed, is directly intervening in a G7 partner's currency — Reuters and Bloomberg frame it as a joint push to reverse months of yen depreciation. The Guardian surfaces the specific $5bn–$10bn proposal, giving a concrete dollar range for the scale of US commitment to yen support.
