New Delhi, Aug. 3 -- US Treasury Secretary Scott Bessent voiced support for Japan's recent foreign exchange intervention, saying coordinated action with the United States had countered disorderly movements in the yen and indicating Washington's readiness for further joint intervention.

In a post on X, Bessent said the US Treasury remains in close communication with Japan's Ministry of Finance (MOF) and the Bank of Japan (BOJ).

"We strongly support Japan's decisive market and monetary steps to correct the substantial undervaluation of the yen," Bessent said.

He added, "Treasury remains attentive and in close communication with our counterparts at MOF and BOJ. We will not hesitate to participate in further joint intervention."

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