The Yen Duration Trade: How Bessent Gave Tokyo a Conditional Green Light
Why Bessent flew to Tokyo to confirm a yen he is supposed to fear
ZTrader.AI Research
The consensus read of Scott Bessent’s Tokyo visit is that a creditor went to inspect a debtor. Japan holds the largest foreign stock of US Treasuries. Japan has been selling dollars to buy yen. Therefore — the story goes — the US Treasury Secretary flew to Tokyo to ask, …
