PBOC fixing signals discomfort with yuan's pace of gains
PBOC set its widest weak-side fixing deviation in six months after yuan hit 3.5-year high, signaling concern over pace of gains.
1 h ago15 min read
Bessent: Tiny Treasury Outlay Aimed at Backing Japan Policies
Treasury Secretary Bessent says a small US outlay signals support for Japan's policies, which is bullish for USD/JPY, now at 155.09.
15/09/2026 16:142 min read
I read Treasury Secretary Scott Bessent's remarks as a positive sign for USD/JPY, everything else being equal.
The photo he shared, clearly set up, and his increasingly stern language appear more like verbal intervention than a serious push. His mention of a 'nominal' amount (with $5-10 billion on display) and 'signaling support' suggests no full-scale effort—comparable to the US supplying rebels with rifles and ammunition instead of deploying ground forces.
The dollar-yen pair has advanced 75 pips on the day to 155.09, a nine-day peak.
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