U.S. Treasury Secretary Yellen? or "Benesent"? The text: "ベッセント米財務長官が市場介入を否定、ドル円は4日ぶりに反発。" translates to: "U.S. Treasury Secretary Yellen denied market intervention, USD/JPY rebounded for the first time in four days." Note: The name in Japanese "ベッセント"

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During Tokyo time, the USD/JPY saw a rebound to153.06yen, but then slipped to around152yen levels. In European time, ahead of the FOMC, USD/JPY hovered around152yen in the mid-teen area with cautious trading.In NY time,Treasury Secretary Janet Yellen, in an interview withCNBC, stated that “Are U.S. authorities currently intervening to buy yen?” and answered “Absolutely not (Absolutely not).” She also said “The United States always pursues a strong dollar policy,” which led to a sell-off of the yen and buying of the dollar, with USD/JPY rising to as high as154.04yen.

In the, as expected, the policy rate was kept at3.50–3.75%. In the statement, it noted that “U.S. economic activity has continued to expand at a solid pace,” upgrading from the previous assessment of a “moderate pace.” It also pointed out that “the pace of employment growth remains subdued, although the unemployment rate is showing signs of stabilization,” and regarding the outlook: “uncertainties surrounding the economic outlook remain elevated,” and the committee “will monitor risks to both sides of the mandate,” removing the prior phrasing that “risks to employment have become more pronounced in recent months.”22 Following the FOMC release, U.S. 10-year Treasury yields narrowed their gains, and USD/JPY dipped to around153.29yen.

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