Cpt. Charisma on Nostr: The Bank of Japan wanted to stabilized the yen against the dollar by selling ...
The Bank of Japan wanted to stabilized the yen against the dollar by selling treasuries. Jannet Yellen visited Japan recently to make sure that didn't happen because it could have been very bad for interest rates. Instead, BoJ has started raising interest rate, causing the yen carry trade to unwind and global markets to crash. Japan an asia are seeing the largest declines, but it's effecting all markets. This is the price for proping up the U.S. treasury market and the dollar.
Published at
2024-08-05 14:04:13Event JSON
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"content": "The Bank of Japan wanted to stabilized the yen against the dollar by selling treasuries. Jannet Yellen visited Japan recently to make sure that didn't happen because it could have been very bad for interest rates. Instead, BoJ has started raising interest rate, causing the yen carry trade to unwind and global markets to crash. Japan an asia are seeing the largest declines, but it's effecting all markets. This is the price for proping up the U.S. treasury market and the dollar.",
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