Bessent Wrote “Buy Japanese Yen” on a Notepad. Twenty Hours Later, Treasury Did It.

Less than a day later, the U.S. Treasury intervenes in the yen for the first time in more than two decades — right alongside Japan.

A Reuters photographer catches Treasury Secretary Scott Bessent’s to-do list at a Camp David cabinet meeting. Hours later, the U.S. moves on it — the first time Washington has intervened to prop up the yen since the 2011 tsunami relief effort.

By Dorian / ZTrader.AI Research

[UPDATE — This piece follows and partially supersedes ZTrader’s July 31 note on t…