US Treasury Secretary Bessent: It is reasonable for the Federal Reserve to consider expanding the foreign and international monetary authorities repurchase facility

Odaily News: In response to being seen writing "buy yen" in his notebook, US Treasury Secretary Bessent said the purpose was to ensure journalists could see it, as he had observed excessive volatility in the Korean won. He expressed optimism about Japan's policy path, noting that intervention can send a signal to the market, but policy is what truly matters. It is reasonable for the Federal Reserve to consider expanding its repurchase facility for foreign and international monetary authorities. This facility is no different from a currency swap line. (Jin10)