The Hedge Fund Toolkit Behind the Yen Intervention | Big Take
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US Treasury Secretary Scott Bessent’s move to prop up the yen was as surprising as its impact was fleeting. By Monday, the yen lost half of its gains since last month’s intervention, raising questions about what comes next. On today’s Big Take podcast, Bloomberg’s Daniel Flatley and Chris Anstey join David Gura to break down Bessent’s unorthodox currency strategy and to explore how far Bessent might be willing to go to support another country’s currency. Read more: How Bessent Brings a ‘Buy-Side’ Mindset to Economic Statecraft (https://www.bloomberg.com/news/newsletters/2026-08-07/how-bessent-brings-a-buy-side-mindset-to-economic-statecraft) Behind Bessent Moves, Wall Street Sees a Bond-Market Angst (https://www.bloomberg.com/news/articles/2026-08-09/behind-bessent-moves-wall-street-sees-sign-of-bond-market-angst) Listen More: Why a Weak Yen Is America’s Problem (https://podcasts.apple.com/us/podcast/why-a-weak-yen-is-americas-problem/id1578096201?i=1000779936408) Carry Trades, Explain
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