So it turns out the U.S. dollar's rescue mission for the Japanese yen was orchestrated by Trump. The New York Times revealed that back in May, U.S. Treasury Secretary Scott Bessent expressed strong dissatisfaction over the yen issue during a two-hour meeting with Japan's Finance Minister before meeting the Japanese Prime Minister. He couldn’t understand why the authorities were pushing for the yen to keep depreciating. His boss, Trump, believes that a weak yen hurts American exporters. He accused Japanese authorities of constantly pressuring the central bank to maintain low interest rates in Japan, while the government simultaneously keeps expanding spending. This strategy is driving capital out of Tokyo and pushing the yen to its lowest point in 40 years. Currently, he’s leaning more toward letting the Bank of Japan raise interest rates on its own, rather than launching another round of large-scale forex intervention.