US intervention in Japanese yen puzzles financial experts.

In a move that has confused major financial players, the United States has bought Japanese currency in a joint operation with the Japanese government. The move, described as historic, is reportedly the first time the US has intervened in the yen since a tsunami and earthquake hit eastern Japan in 2011. The motivation behind the move remains unclear, with the US government claiming they are “always there for Japan” while investors question whether it was in Washington’s best interests. On Taking Stock, Alan Dunne, founder and CEO of Archive Capital, said US Treasury Secretary Scott Bessent’s experience is currency trading…