In a move that has confused major financial players, the United States has bought Japanese currency in a joint operation with the Japanese government. AdvertisementOn Taking Stock, Alan Dunne, founder and CEO of Archive Capital, said US Treasury Secretary Scott Bessent’s experience is currency trading in key to understanding the move. Having risen in value in the 1990s, the yen has been on “a weakening trend” in the years since. In particular, he said that a weaker yen would likely put pressure on China to devalue its currency, the yuan. He also pointed out that, despite becoming less vocal since re-election, Trump has called for a weaker dollar.