🇺🇸🇯🇵 U.S. Treasury Secretary Scott Bessent has cautioned that abrupt fluctuations in the yen could lead to forced market unwinds, potentially shaking global financial stability.
➡️ A sudden surge in the yen might drive up U.S. borrowing costs.
➡️ Bessent stood by the recent U.S.-Japan intervention in currency markets as a necessary step.
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