US Treasury Secretary Bessent said he coordinated yen intervention with Japan last Friday.

TechFlow news, August 3, US Treasury Secretary Bessent: "Our government provides support for America's trusted partners. Economic security is national security, and the US-Japan Alliance is built on both. Last Friday's coordinated foreign exchange action addressed the disorderly fluctuations of the yen. The Treasury Department remains closely watchful and maintains close communication with colleagues at the Ministry of Finance and the Bank of Japan. We will not hesitate to engage in further joint intervention. The FIMA Repo Facility (Foreign and International Monetary Authorities Repo Facility) is an important backstop. We encourage expanding its scale in the coming months. We strongly support Japan's decisive market and monetary measures taken to correct the significant undervaluation of the yen." (Jin10)