In late July 2026, a photographer at a Camp David cabinet meeting saw Scott Bessent’s notepad. One line read: Buy Japanese yen, $5 billion to $10 billion.
That same week, the United States did exactly that, joining Japan to support its sliding currency. Both governments confirmed the coordinated move in early August. It was Washington’s first yen intervention since 2011, and it was only the warm-up.
None of this is cause to panic, but it is worth understanding, because the yields Bessent is fighting over set the rate on your next mortgage and the value of the bonds you already hold.
If you have over $100,000 in savings, ask a professional what…
Read the full article at MONEYTALKSNEWS.COM
