His comments stood in contrast to President Donald Trump’s earlier signals of comfort with a weaker currency. Bessent pointed to solid U.S. fundamentals and policy credibility as drivers of capital inflows, pushing back against speculation that Washington might seek to weaken the dollar against the yen.

In Japan, the 10-year government bond yield eased by around five basis points to 2.24% after strong demand at a 40-year bond auction helped calm concerns surrounding the country’s fiscal outlook.

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