@LynAldenContact Lyn is shocking, right? 🙄
See
@MarioNawfal’s post with a screenshot of Bessent’s to-do list: Buy $ 5-7B yen.
This is the first intervention since 1998.
Smells like an attempt to allow a more orderly unwind of the yen carry trade.
Recall Aug 24 Nikkei Black Monday. 🤔