The Zhitong Finance App learned that US Treasury Secretary Bezent defended the US Treasury's rare action last month to support the yen. He said that Japan is one of the largest overseas holders of US Treasury bonds. If the yen market experiences extreme and disorderly fluctuations, it may force investors to cancel related trading positions, which in turn will impact the global financial market, and ultimately drive up US Treasury bond yields and financing costs for American households and businesses.

The Zhitong Finance App learned that US Treasury Secretary Bezent defended the US Treasury's rare action last month to support the yen. He said that Japan is one of the largest overseas holders of US Treasury bonds. If the yen market experiences extreme and disorderly fluctuations, it may force investors to cancel related trading positions, which in turn will impact the global financial market, and ultimately drive up US Treasury bond yields and financing costs for American households and businesses.