Trump: Iran Deal Should Be Done 'Pretty Quickly' But 'Subject To Settling' Over Next Few Days

Bessent's 'Yentervention' Does Not Fix Japan's Underlying Structural Issues Authored by Ed Dowd via 'Beyond The Narrative' substack, ...a delicate meal to cook before Midterms... My conclusions on the Bessent yen intervention: The move is a temporary Band-Aid at best and sharp yen strength can historically trigger carry-trade unwinds and risk-asset volatility, but it does not fix Japan’s structural debt or rate differentials. The Fed, BOJ and Treasury are walking a tightrope. Consensus is correct that the primary driver is preventing forced sales of Japan’s $1T+ UST holdings that would spike US yields. Expanding the...

The Strait of Hormuz is the kind of geopolitical pressure point that can turn a regional fight into a worldwide economic shock, and the official story coming out of Washington doesn’t always match what markets and missiles are signaling. We sit down with Larry Johnson to cut through the talking points and ask what’s actually […]

Yen Surges As Jittery Traders Expect Imminent Intervention After Japan Reveals New Strategy To Wipe Out Shorts After plunging to a fresh 40 year low overnight, the yen strengthened sharply against the dollar amid rising speculation that the currency’s continued weakness may prompt a fresh round of intervention by Japan. The yen then surged again after the June US jobs report showed a much weaker picture than expected. But let's focus on the first, more unexplained move, which took place just after 2:30am ET, when the Yen rose as much...