Japan Vows to Monitor Yen Amid Rising Inflation Concerns
Hyperdash NewsFXJapan's benchmark borrowing costs reached a 30-year high on Tuesday, with the 10-year Japanese government bond yield hitting 3% for the first time since 1996. This occurred after U.S. Treasury Secretary Scott Bessent indicated he expects action from Tokyo and the Bank of Japan to support the weakening yen.
Bessent met with BOJ Governor Kazuo Ueda on Sunday at the G20 finance ministers' meeting, emphasizing sound monetary policy to manage inflation expectations and currency volatility. The yen has been near the 160-per-dollar mark, a level that has previously prompted concerns about intervention. Traders on Hyperdash have moved 
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