Reuters says Scott Bessent note shows proposal for U.S. to buy $5 billion-$10 billion in yen

A visible to-do list at Camp David pointed to a possible foreign-exchange operation involving Japanese yen, a move that would be notable for U.S. currency policy if pursued.

Summary

A visible note tied to Treasury Secretary Scott Bessent at Camp David revealed a proposal for the United States to buy $5 billion to $10 billion worth of Japanese yen, Reuters said. The item points to a potential foreign-exchange intervention, which can be used by governments to influence currency markets by buying or selling reserves. No outcome, timing, or confirmation of any transaction was provided in the source.

Terms & Concepts
  • foreign-exchange intervention: Government action to influence currency markets
  • Japanese yen: Japan's national currency