Scott Bessent understood that Japanese easing was a negative for the yen, but little else ...Middle East

Today is Scott Bessent day in financial markets and that means we're all trying to get to know him. Naturally, given that he's an FX guy, we're all cheering for him. There are far too many academics in government and I don't think there is any better experience for macro policymaking than global macro trading, though I'm sure the political realities of trying to implement policies are sobering.In any case, the best way to get to know Bessent is in his own words. In particular, here is his retelling of his yen trade in 2013, although it's not exactly clear how or in what he was positioned.I'll post the whole thing:Soon after, on a day I'll never forget, I met with Abe advisor, Japanese expatr

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Scott Bessent understood that Japanese easing was a negative for the yen, but little else ...Middle East

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