Scott Bessent fired a currency bazooka, but global finance still looks like a ‘giant Jenga tower’ propped up by a Japanese yen that’s in deep trouble

A joint U.S.-Japan intervention, aimed at supporting the yen, failed to ease currency market anxiety despite initial strengthening of the exchange rate. Analysts caution that key underpinnings of global finance appear risky, comparing the system to a 'giant Jenga tower.' These risks are driven by Japan's massive debt, sluggish central bank action, and concerns over the dollar’s dominance.