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US Treasury Secretary Bessent said from the G20 that Japan is taking the right steps on its economy, while pressing that imbalances from some countries are suppressing growth elsewhere and that the rest of the world must shield trade and factory jobs from China's exports. Washington's explicit blessing of Tokyo's fiscal-and-monetary mix removes a key external constraint on further yen weakness, keeping USD/JPY biased higher and long-end JGB yields elevated; a softer yen sustains carry-funded risk appetite that has historically supported BTC and ETH beta alongside global equities. Watch for any shift in MOF intervention language or a BOJ hike signal as the counter-signal, plus the tentative September 24, 2026 Xi-Trump meeting as the marker for whether the China trade-imbalance push escalates into new tariff risk.
As a Macro signal, watch whether it changes price action, volatility, or flows around JPY=X, BTC, GSPC.
Original Source: InvestingLive News
This page is market information analysis, not investment advice.
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