🔴THIS IS INSANE.
Japan has reportedly spent around $160 billion this year trying to stop the yen from falling.
- $73 billion in April and May, a record monthly total at the time.
- $53 billion last Thursday, likely the largest single day in its history.
- $34 billion last Friday.
Every time, the yen strengthens for a few days and then goes right back.
Japan cannot fix this by spending reserves. It can only fix it by raising rates agressively.
🔗 Bull Theory (@BullTheoryio)
📉Ellinne
Japan has reportedly spent around $160 billion this year trying to stop the yen from falling.
- $73 billion in April and May, a record monthly total at the time.
- $53 billion last Thursday, likely the largest single day in its history.
- $34 billion last Friday.
Every time, the yen strengthens for a few days and then goes right back.
Japan cannot fix this by spending reserves. It can only fix it by raising rates agressively.
🔗 Bull Theory (@BullTheoryio)
📉Ellinne
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