Bessent says US has strong dollar policy, 'absolutely not' intervening to support yen

WASHINGTON, Jan 28 (Reuters) - The United States has a strong dollar policy and that means setting the right fundamentals, U.S. Treasury Secretary Scott Bessent said on Wednesday, while denying that the U.S. was intervening in currency markets to support the Japanese yen.

Asked on CNBC if the U.S. was intervening to strengthen the yen, Bessent said, "Absolutely not."

Pressed if that was something the U.S. planned to do, Bessent said, "We don't comment other than to say we have a strong dollar policy."