US Treasury Secretary Bessent challenged the Japanese yen bears on Tuesday local time, showing that he is trying to push the yen to appreciate, and bluntly stated that with his current status, his market research essentially has an “insider advantage.” “Every time someone says, 'Oh, the Treasury Secretary is taking a risk' — OK, this is the situation I've been dreaming of. I have the advantage of information asymmetry,” Bezent said Tuesday at an event at Southern Methodist University in Texas. “I'm a bookmaker now, so I have a very deep understanding of what actions the Japanese, the Bank of Japan, and Japanese policy makers will take when we interfere with the yen,” Bezent said. “If you want to gamble with me, you can just let go,” Bezent said quite proudly.

US Treasury Secretary Bessent challenged the Japanese yen bears on Tuesday local time, showing that he is trying to push the yen to appreciate, and bluntly stated that with his current status, his market research essentially has an “insider advantage.” “Every time someone says, 'Oh, the Treasury Secretary is taking a risk' — OK, this is the situation I've been dreaming of. I have the advantage of information asymmetry,” Bezent said Tuesday at an event at Southern Methodist University in Texas. “I'm a bookmaker now, so I have a very deep understanding of what actions the Japanese, the Bank of Japan, and Japanese policy makers will take when we interfere with the yen,” Bezent said. “If you want to gamble with me, you can just let go,” Bezent said quite proudly.