Yen weakens past 160 per dollar for first time since record $98.7 billion intervention, as Warsh's hawkish signals overshadow Bessent's reassurance.
PBOC is expected to set the yuan reference rate at 6.7344 per dollar, according to a Reuters poll. The fixing is a key policy signal.
Treasury Secretary Bessent denies a US loan to Japan, detailing a yen asset swap instead of debt.
The US dollar rose after Fed Chair Warsh's hawkish remarks; market sees 46% chance of September rate hike.
Currency pairs near technical levels ahead of Fed Chair Warsh's speech; yields edge higher.
Canada's second-quarter GDP grew at a 3.3% annualized rate, below expectations of 3.4%. June monthly GDP rose 0.3%.
Markets were quiet as traders awaited Fed Chair Warsh's Jackson Hole speech. European stocks edged higher, while currencies and gold were little changed.