Persistent Delusion Among the American and NATO Defense Establishment

Yen Tumbles After Japan's PM Voices Concerns About Further Rate Hikes To BOJ The yen was already sliding on Monday after Nikkei Asia reported that the sharp swing we saw in USDJPY in January was initiated by FX intervention from US Treasury Secretary Bessent not Tokyo, even if Washington, D.C. is open to coordinated forex moves if requested by Japan. FX traders took this as evidence that, contrary to previous conventional wisdom, Japanese authorities were prepared to allow the USDJPY to continue climbing on Jan. 23 and it was only...

A 27-year-old Palestinian woman was killed by Israeli fire in Beith Lahia, northern Gaza, on Sunday, the Palestinian news agency WAFA reported, as IDF attacks continue across the Strip despite the US-backed ceasefire deal. The woman, Basma Aram Banat, succumbed to gunshot wounds two hours after she was shot. WAFA also reported that Israeli shelling […]