The British pound has largely shrugged off another change of government and geopolitical shocks to outperform many of its peers this year, but the currency’s recent weakness could be set to deepen. Sterling has gained around 1.6% against the euro year-to-date, adding 2.8% against the Swiss franc, 4.9% against the Swedish krona and 1% against…
YICHANG, CHINA – AUGUST 03: A netizen displays Japanese yen and US dollars on August 3, 2026 in Yichang, Hubei Province of China. Japan and the US have confirmed that they jointly intervened last week to halt a slide in the yen after it weakened to a fresh 40-year low. (Photo by Liu Junfeng/VCG via…
Treasury Secretary, Scott Bessent (L), and Sen. Elizabeth Warren (D-MA). Getty Images Treasury Secretary Scott Bessent unleashed a scathing personal attack on Sen. Elizabeth Warren Friday, accusing the Massachusetts Democrat of misunderstanding foreign-exchange markets while leaving several of her questions about a rare U.S. intervention in the Japanese yen unanswered. “In her latest sciolistic letter…
Japanese 10,000-yen banknotes arranged in Kyoto, Japan, on Tuesday, Jan. 27, 2026. Kentaro Takahashi | Bloomberg | Getty Images Japan’s historic effort to prop up the yen may have had an unintended consequence: giving some investors a better opportunity to double down on carry trade. Japanese investors net bought more than 5 trillion yen of…
Japan is looking to revitalize its semiconductor industry. The Japanese government has unlocked billions of dollars in subsidies for its domestic chip sector. Thicha Studio | Istock | Getty Images Semiconductor shipments continued to power Japan’s exports in July, helping clock the fastest growth since October 2022, beating expectations. Exports growth accelerated for a fifth…
A Japanese 10,000 yen banknote arranged in Kyoto, Japan, on Tuesday, July 14, 2026. The Japanese government’s push for pension funds and individuals to invest more in domestic markets is seen as a potential boost for the nation’s bonds and currency in the long term. Photographer: Kentaro Takahashi/Bloomberg via Getty Images Kentaro Takahashi | Bloomberg…
A customer places Japanese 1,000 yen banknotes on a checkout counter while making a purchase at an Akidai YK supermarket in Tokyo, Japan, on Monday, June 27, 2022. Japan’s core consumer inflation remained above the central bank’s 2% target for a third straight month in June, as the economy faced pressure from high global raw…
Treasury Secretary Scott Bessent said Tuesday that the U.S. joined Japan‘s effort to strengthen the yen because the currency’s weakness risked destabilizing markets across Asia. “A stable yen is not only important for the U.S., but very important for the entire region,” Bessent said on CNBC’s “Squawk Box.” Bessent said a sharply weaker yen could…
Sanae Takaichi, Japan’s prime minister, speaks during a press conference at the prime minister’s office in Tokyo, Japan, on Wednesday, Feb. 18, 2026. Kiyoshi Ota | Via Reuters Japanese Prime Minister Sanae Takaichi has pushed forward with her plan to slash the consumption tax on food, which reportedly would be the first time the tax…
The Federal Reserve may soon be drawn into the Trump administration’s efforts to back the embattled currency of U.S. ally Japan. Treasury Secretary Scott Bessent wants the apolitical Fed to expand a lending facility that would enable Japan to support its currency without roiling the sensitive U.S. Treasurys market. That request comes as new Fed…
