Yen surging after comments from US Treasury Secretary Bessent

Bessent has praised Bank of Japan independence from the government:

• Bessent says Japan government gives Bank of Japan policy space, avoid excess FX volatility

His comments have sent the yen stronger.

Some will accuse Bessent of being a two-faced hypocrite given his government's inference in the the US central bank, the Federal Reserve, pressuring for lower interest rates and trampling on the Bank's independence. Yeah, some will say that, I couldn;lt possibly comment ;-)