U.S. Treasury Secretary Yellen publicly warns yen short sellers: I am now the market maker and have insider advantages for intervention

(1) US Treasury Secretary Bessent publicly stated at Southern Methodist University on Tuesday that he is actively pushing for a stronger yen, and bluntly said that by virtue of his position, he holds a unique advantage due to “information asymmetry.” (2) Bessent said: “I am the dealer now,” noting that he has deep insights into the actions of the Bank of Japan and Japanese policymakers, because the US can directly participate in yen intervention when needed. (3) He sent a message to short sellers: “If you want to bet against me, go ahead and bring it on.” These remarks represent his strongest stance on the foreign exchange market recently and mark a shift in the US exchange rate policy from passive intervention to proactive pressure.