Japan, the new manipulator?
Link: https://x.com/GarethSoloway/status/1803929371121717620
Text: “In another warning to Japan, the US has added them to the ‘monitor list’ of currency manipulators. This happens as the USD/JPY closes at a new 38 year high. This continues to signal concern over a domino effect of debt laden countries.”
Connecting the dots … (second link below)
Imagine, the losses, with the yen at all-time lows, with the FX conversion!
https://finbold.com/crisis-stricken-japan-dumps-63-billion-in-u-s-bonds/
How long can they force the remaining big bond holders? Saudis, Kuwait, Qatar, UAE …
More importantly, who’s buying in size other than the TBTF protected-from-law mega banks?
Musical chairs … crescendo coming soon?
Thanks for reading and commenting.
GL