Bessent says yen moves 'pretty contained' and not disorderly

U.S. Treasury Secretary Scott Bessent said recent yen moves are "pretty well contained" even after the yen slid below the key 160-per-dollar mark.
The U.S. and Japan carried out a rare joint yen-buying intervention on July 31, and markets are watching for any further coordinated action.
Bessent expects BOJ Governor Kazuo Ueda to "do the right thing," says Abenomics may be over and Japan is shifting toward more shareholder-friendly "Takaichi-nomics"; he'll meet Ueda at the G20.