Lukas Ekwueme(@ekwufinance):Bessent is getting nervous... the yen is getting ready to dump even further. Together, the US and Japan spent almost $100B intervening in the yen. ~50% of that move has already been reversed... in just 14 days. To put that into perspective, after the March 2020 peak, COVID QE was ~$80B in UST purchases per month.... It looks like even this won't be enough to save the yen. We all don't own enough hard assets.

Lukas Ekwueme

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Lukas Ekwueme@ekwufinance

2026.08.18 10:21

Bessent is getting nervous... the yen is getting ready to dump even further. Together, the US and Japan spent almost $100B intervening in the yen. ~50% of that move has already been reversed... in just 14 days. To put that into perspective, after the March 2020 peak, COVID QE was ~$80B in UST purchases per month.... It looks like even this won't be enough to save the yen. We all don't own enough hard assets.