Lately, Japan has been spending about 30 billion dollars every couple months in an attempt to mitigate the depreciation of the yen. Then, the rate climbs (falls?) back to where it was before they spent that money. In a matter of weeks, sometimes days, it levels off exactly where it was before.
It’s unclear to me that this intervention strategy has any benefit because it seems undone so quickly. It’s a zero sum game. Somebody is making that money every time Japan spends it.
Louie Mantia, Jr.
npub14q…yv8wz
2026-05-26 06:30:08 UTC
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npub14qxu8d0zjj22ptx8andv83rt9hhkgjzcnfa90ykuvmclmfp89f7seyv8wzSeen on
wss://relay.momostr.pinkPublished at
2026-05-26 06:30:08 UTCEvent JSON
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