Aboard Air Force One on Sunday, President Donald Trump told reporters that Washington had stepped in to help Japan's currency, describing it as one ally standing by another. The remark came after Japan's finance ministry confirmed a rare, coordinated effort to halt the yen's slide to its weakest level in roughly 40 years, with Tokyo signaling it would act again if needed. Japan holds more U.S. government debt than any other foreign country — north of $1 trillion worth, according to Marketplace. Bessent has called the facility "an important backstop" and said he'd like to see the Fed raise its per-country lending cap, currently set at $60 billion, according to CNBC. Whether the Bounce-Back Will LastFor the moment, the intervention appears to have done what it set out to do.