Article
Japan Sold Almost $90 Billion In Treasuries To Fund Record Yen Intervention
Japan Sold Almost $90 Billion In Treasuries To Fund Record Yen Intervention
At the end of July, the only question following Japan's record $90 billion yen intervention (which worked for about two weeks before the effects faded and Bessent had to engage in more market intervention), was whether and how much Treasuries Japan had sold as part of the intervention.
The BOJ spent a record $90BN to briefly push the yen higher.
Another catastrophic intervention by the central bank which is 100bps behind in rate hikes (chart Goldman) pic.twitter.com/xOGszXSgF7
— zerohedge (@zerohedge) July...
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