Traders say hedge funds sell United States dollars to Japanese yen in spot markets

On 3 August, the United States Treasurer, Becent, indicated that he would not hesitate to intervene more Japanese yen and that hedge funds would sell the United States dollar to Japanese yen on Monday on the spot market. The trader stated that the announcement by the Japanese Minister of Finance of the United States that the yen should be appreciated and that Japan would not hesitate to intervene further also contributed to the sale of hedge funds。