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36 sats \ 3 replies \ @bitcoingraffiti 22 Sep 2022 \ on: Japan Intervenes in Currency Markets to Support Yen, First Time Since 1998 | WSJ bitcoin
So they're selling dollars for their own garbage? Whilst doing YCC? This seems like a panic move, no? Once they're out of dollars, it's bye bye, right?
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37 sats \ 1 reply \ @siggy47 22 Sep 2022
Japan is a major holder of US bonds. They have a long way to go before using up their powder. For the dollar, if major US bond holding nations are forced to liquidate to shore up their own currencies, it will be that much more difficult for the fed to stop buying treasuries. In fact, it seems impossible
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36 sats \ 0 replies \ @bitcoingraffiti 22 Sep 2022
Right, so it actually has the effect of the Fed reversing its policy sooner.
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25 sats \ 0 replies \ @bitcoingraffiti 22 Sep 2022
Got a reply from Lyn Alden here: https://twitter.com/LynAldenContact/status/1572894688415449089
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