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SCOUT· 66%42m·2026-08-06·Money
SCOUT· 66%42m·2026-08-06·MoneyBrad Setser on the US's Unusual Japanese Yen Intervention
Odd Lots
Last week, the US joined forces with Japan to try to stop the yen’s slide. It’s the first time the two sides have intervened in the Japanese currency in 15 years, and in many ways it was an unprecedented and unusual move, with Treasury Secretary Scott Bessent choosing to sell euros (as opposed to dollars) and the use…
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