The Land of the Falling Sun? – Why Japan's FX Intervention is Unlikely to Work
Craig Shapiro
The Alethea Narrative
5 months ago
1 MIN READ
If Japan wants to seriously intervene in currency markets to strengthen the Yen, it would be better if they waited for an elevated rates volatility environment (MOVE index – proxy for UST volatility) like we saw back in October 2022 and October 2023.
When the Fed and Treasury… pic.twitter.com/svT2sEiFuA
— Craig Shapiro (@ces921) May 2, 2024
