ZTRADER RESEARCH
MACRO ANALYSIS
FX · RATES · POSITIONING
MACRO ANALYSIS
FX · RATES · POSITIONING
Japan Yen Intervention — Structural Analysis
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Japan Cannot Buy Yield: The Ministry of Finance Against the Carry Trade Machine
Tokyo has deployed a record $73 billion defending the yen. USDJPY held near 160. That is not a failure of will. It is proof that intervention is a liquidity event, and the carry trade is a structural one — and the two instruments exist in entirely different dimensions of force.
Japan Cannot Buy Yield:
Topics
- Japan
Further reading
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