Gate News message: On March 30, German commercial bank analyst Thu Lan Nguyen said in a report that after the yen’s recent decline, the possibility of Japan and the United States jointly intervening in the foreign exchange market to support the yen and suppress the dollar should not be ruled out. She noted that U.S. Treasury Secretary Bessent had previously downplayed speculation about such intervention in January, but at that time the dollar was weakening. With the dollar now strengthening, the conditions for coordinated intervention appear more favorable. The G7 (Group of Seven) meeting of central bank governors and energy and finance ministers held on Monday may provide an opportunity for Japan’s Finance Minister Ayumi Kichima to win Bessent’s support.
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