GLOBAL MACRO INSIGHTS

Japan’s ¥8.5 Trillion Warning: Currency Intervention Has Become Geopolitical

For decades, foreign exchange intervention was regarded as an emergency tool, deployed occasionally to smooth excessive volatility before markets inevitably reasserted the underlying economic fundamentals....

The Yen Intervention Marks the Return of Currency Diplomacy

Foreign-exchange intervention is often dismissed as a temporary exercise in market management. Governments spend billions buying or selling currencies, speculators step aside for a few...

The Dollar, the Bond Vigilantes and Japan’s Impossible Choice

The most important signal in global markets is not coming from the Federal Reserve. It is coming from the long end of the US Treasury...

Japan’s Costly Battle Against the Yen’s Gravity

Japan has intervened. The yen has jumped. And the market is already asking the only question that matters: how long will it last? After months...

GLOBAL MACRO INSIGHTS

Tag: carry trade

Japan’s ¥8.5 Trillion Warning: Currency Intervention Has Become Geopolitical

The Yen Intervention Marks the Return of Currency Diplomacy

The Dollar, the Bond Vigilantes and Japan’s Impossible Choice

Japan’s Costly Battle Against the Yen’s Gravity

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