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Bessent and the Fed Help Japan Reverse Months of Yen Losses

Bloomberg Markets Saturday 01 August 2026, 06:19 UTC By Shintaro Inkyo and Masahiro Hidaka 1 min read
Key Points

Bessent and the Fed Help Japan Reverse Months of Yen Losses The US joined Japan in engineering one of the most notable rebounds in the yen since the currency began its years-long slide, a decline that’s stoked inflation in the Asian nation and rippled through global markets. At the close of New York trading on Friday, the yen was quoted at 157.40 to the dollar, the strongest since early May. Just two days earlier it was flirting around the weakest levels since 1986, sounding alarm bells in...

Bessent and the Fed Help Japan Reverse Months of Yen Losses The US joined Japan in engineering one of the most notable rebounds in the yen since the currency began its years-long slide, a decline that’s stoked inflation in the Asian nation and rippled through global markets. At the close of New York trading on Friday, the yen was quoted at 157.40 to the dollar, the strongest since early May. Just two days earlier it was flirting around the weakest levels since 1986, sounding alarm bells in Tokyo as rising import costs squeeze businesses and consumers.
Bessent (PERSON) Fed (ORG) Japan (LOCATION) US (LOCATION) Asian (ORG) New York (LOCATION) Tokyo (LOCATION)
Originally published by Bloomberg Markets Read original →

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