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US Treasury chief Bessent signals BOJ rate hike to strengthen yen
South China Morning PostLO·US · JP·3 days ago
Markets fully price a BoJ rate hike on September 18, yet speculation grows that the central bank is behind the curve, fueling talk of currency intervention. The yen's weakness persists, and traders are bracing for possible official action. This matters because intervention could trigger sharp yen volatility and impact global carry trades.