87 sats \ 3 replies \ @SatsMate 26 Jun \ on: Japanese Yen at Risk of Intervention as Traders Press Bearish Bets econ
Yikes! I just checked the chart and couldn't believe it.
I also think the US can use SWAP lines to help bail them out, or Japan can try to dump more US Treasuries if they have that ready.
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54 sats \ 2 replies \ @siggy47 OP 26 Jun
I think the US will do what it can, but I don't know what the consequences will be.
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54 sats \ 1 reply \ @gmd 26 Jun
What happens in the macro if they dump US treasuries? Does that mean we have to raise rates to keep buyers interested?
Feel so bad for the Japanese people. Wonderful culture but they fucked.
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99 sats \ 0 replies \ @siggy47 OP 26 Jun
I think short term the US Treasury market is liquid enough to absorb the selling they may do. Long term US interest rates are hurting and will continue to hurt banks holding this debt, foreign and domestic.
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