Can Bessent’s ‘I am the house now’ warning keep the yen strong?

Yen-buying starts to lose steam as fundamentals point to weak currency "I am the house now." That was the warning U.S. Treasury Secretary Scott Bessent gave currency traders on Tuesday. © AP TOKYO — Yen buybacks on the foreign exchange market seem to be taking a breather, raising questions as to how effective U.S. Treasury Secretary Scott Bessent's comments can be in keeping the Japanese currency strong.

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