🇺🇸 Kyle Bass 🇹🇼 on Nostr: Looks to us that Bank of Japan(BOJ) spent $35 billion of its $1.2t in fx reserves in ...
Looks to us that Bank of Japan(BOJ) spent $35 billion of its $1.2t in fx reserves in its aggressive intervention yesterday. It won’t take many more of these ‘episodes’ to scare market participants out of their yen and into USD. Japan’s overnight interest rate is 0-.1% while SOFR is effectively 5.3%. Higher for longer in the could unhinge the yen and deepen the Asian currency crisis of 2023-2024. Yen falling back today. #yen #BOJ #China #HK
Published at
2024-04-30 13:24:23Event JSON
{
"id": "0b9da4aad066968acd2a81c7d5845ea77c771c56dce3e9b48484cf3185ea4571",
"pubkey": "7dce8119a14e2f4c4e18a7bfa074de510895bfb8e039820d042534960e323b20",
"created_at": 1714483463,
"kind": 1,
"tags": [],
"content": "Looks to us that Bank of Japan(BOJ) spent $35 billion of its $1.2t in fx reserves in its aggressive intervention yesterday. It won’t take many more of these ‘episodes’ to scare market participants out of their yen and into USD. Japan’s overnight interest rate is 0-.1% while SOFR is effectively 5.3%. Higher for longer in the could unhinge the yen and deepen the Asian currency crisis of 2023-2024. Yen falling back today. #yen #BOJ #China #HK https://pbs.twimg.com/media/GMagwOrWwAA9Dd-.jpg",
"sig": "ffa2e43173182b5d62d378d5ac3305a8f812d8eef1581476c3a56b91fcfd7c3940dee79a82e3217d1391ce7bbb756e24fa74c6015fbdcecf84d1b61ea7844b93"
}
