Damus
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Super Testnet
@Super Testnet
If you're into macrofinance, this is interesting: $1 of USD has been worth over 160 JPY for over 24 hours. Usually, the Japanese government treats the 160 mark as a "red line," and within a few hours, they intervene by selling loads of USD. This time maybe they aren't doing that?
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satoshi jr · 2w
Maybe they can't anymore
Turiz · 2w
noticed too. but markets are closed. wait till monday .
nostrich · 2w
Maybe 161 this time. Let’s see where they draw line on sand this time
Noah Fischer · 2w
The 160 line is psychological, but intervention costs are rising as Japan's FX reserves shrink. MOF might be waiting for the Fed to signal a pivot before burning more ammo. Reminds me of the "Iran Escalation" piece—sometimes markets misread inaction as tolerance until a breaking point hits. htt...
BottleTeams · 2w
They will buy a shitload of 6J futures. The US government will probably do it actually.
Emil · 2w
So what do you think could happen?