Japanese borrowing costs hit 30-year high as Bessent says Tokyo may intervene to boost yen
Why it matters
Higher Japanese yields and potential intervention could strengthen yen, impacting carry trades and global bond markets.
Details
The yen weakened to 160 per dollar on Tuesday as bond yields came under pressure, as traders eyed the potential for Japan to hike interest rates.
Related assets & topics
DollarTreasury BondsJapanSources
- googlenews · news.google.com · 2026-09-01 07:31 UTC
- cnbc · 2026-09-01 07:31 UTC