- A Reuters photo taken at Camp David showed Treasury Secretary Scott Bessent’s notepad reading “To Do: Buy Japanese Yen (JPY) $5-10 bil,” suggesting the U.S. was considering yen purchases.
- The image came after Japanese authorities had already intervened to prop up the yen, and the dollar fell about 0.8% to roughly 157.6 yen late on Friday.
- The U.S. Treasury didn’t immediately comment — the U.S. hasn’t intervened in the yen market since a coordinated G7 action in 2011.
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