The Note Caught on Camera – and Revealed the US's Unusual Plan

A Reuters photographer accidentally captured a note on Treasury Secretary Scott Bessent's desk during the US Cabinet meeting at Camp David, containing a reminder to purchase 5–10 billion dollars' worth of Japanese yen. If executed, this would be Washington's first direct intervention to support the Japanese currency since 2011. The US Treasury has not yet commented on the document.

A Reuters photographer accidentally captured a document placed on Treasury Secretary Scott Bessent's desk during the US Cabinet meeting at Camp David, which under the heading 'To Do' contained a reminder to purchase 5–10 billion dollars' worth of Japanese yen. The documentation sparked considerable interest, as it suggested that Washington might be preparing an unusual move in the foreign exchange market to strengthen the Japanese currency, which has weakened significantly against the dollar and reached multi-decade lows. If this is indeed an official intervention by Washington, it would be the first time since 2011 that the United States has directly intervened to support the Japanese yen. That year, G7 countries acted in coordination following the deadly earthquake and tsunami that struck Japan. The US Treasury has not yet commented on the document's contents or confirmed its details, but the image quickly became one of the most talked-about records from the meeting, providing a rare glimpse into a sensitive economic move being discussed behind the scenes.