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500 sats \ 2 replies \ @siggy47 31 Oct 2023
@supertestnet might also be interested in this. It's interesting how Japan might be the fuse that blows up this powderkeg.
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336 sats \ 1 reply \ @kr OP 31 Oct 2023
the USD/JPY chart looks crazy this week.
is it right to assume that if Japan were to try and defend the value of their currency, they’d be selling US treasuries to do so?
or is there a more likely approach they’d take if they chose to defend their currency?
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587 sats \ 0 replies \ @siggy47 31 Oct 2023
Their pattern is to sell US treasuries whenever the Yen/USD crossed 150. This time might be different, though:
https://www.msn.com/en-us/money/markets/boj-relaxes-grip-on-rates-as-end-to-yield-control-looms/ar-AA1j8fge
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12 sats \ 0 replies \ @siggy47 31 Oct 2023
I'd like to get @TomK's take on this.
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10 sats \ 1 reply \ @elvismercury 31 Oct 2023
Curious why you're posting this now, given that it's five months old -- did it become extra relevant in the current moment, or did you just encounter it?
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76 sats \ 0 replies \ @kr OP 31 Oct 2023
just discovered it today
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