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So overnight Japan fired its main currency diplomat. This could be a crazy day. I guess Japan is waiting until the bullshit US PCE inflation numbers are released before intervening. That means they'll sell US bonds if inflation numbers are low. That won't solve anything. It will drop again in a month or so. Are there stackers in Japan? I would like to know what people are thinking.
The Japanese are going to bed now 🤠
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I guess these interventions usually happen in the middle of the night. I think the PCE gets released in about an hour.
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