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54 sats \ 3 replies \ @TomK OP 27 Apr \ parent \ on: Will the yen's crash now be followed by a chain reaction? econ
Geopolitical power. Imagine how fast they could crash the japanese bond market by one or two rate hikes more
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42 sats \ 2 replies \ @siggy47 27 Apr
True, but that was the case last year around the time when the regional banks were failing, and I believe the BOJ intervened right in the middle of the mess.
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54 sats \ 1 reply \ @TomK OP 27 Apr
I think if we now add the ECB into the puzzle, that the major central banks are trying to coordinate to get out of this mess. so I think it will go back and forth. but the Americans will of course hold the geopolitical leverage
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42 sats \ 0 replies \ @Satosora 27 Apr
They can only hold that postion if they are infallible. Everyones perception of the us dollar is changing.
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