US Dollar Rebounds as Bessent Denies Japan Intervention, Soothes Investor Nerves

• The US Dollar halted a four-day decline and recovered losses after US Treasury Secretary Scott Bessent's remarks.
• Bessent stated the US has a "strong dollar" policy and is "absolutely not" intervening in Japanese currency markets, calming speculation.
• His comments contradict former President Donald Trump's views on a weaker dollar boosting US exports and reducing trade deficit.
• Speculation persists regarding potential intervention by Japanese officials to support the Yen, which has faced extreme selling pressure.
• Analysts suggest the dollar's recovery might be a temporary selling opportunity, with some predicting a further decline.

Why It Matters: US Dollar recovers as Treasury Secretary Bessent denies Japan intervention, but future volatility remains.