economy

January 28, 2026

U.S. dollar rebounds after Bessent shuts down report of potential yen intervention

Treasury Secretary Scott Bessent shut down reports that the U.S. may step into the currency market.

U.S. dollar rebounds after Bessent shuts down report of potential yen intervention

TL;DR

  • U.S. Treasury Secretary Scott Bessent denied reports of U.S. intervention in currency markets regarding the Japanese yen.
  • The U.S. dollar index has recently fallen to its lowest level since 2022.
  • Bessent stated the U.S. maintains a strong dollar policy driven by sound economic fundamentals and decreasing trade deficits.
  • A Reuters report indicated the New York Federal Reserve had reviewed dollar-to-yen rates, a potential precursor to intervention.
  • President Donald Trump previously stated he was comfortable with the current dollar value and criticized other countries for devaluing their currencies.

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