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336 sats \ 1 reply \ @kr OP 31 Oct 2023 \ parent \ on: The Katana of Damocles meta
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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