yenrally

📌The Japanese yen expands its gains against the US dollar to the highest level in 7 months during Monday’s trading, as traders assess expectations for the currency, amid bets that the central bank will tighten monetary policy faster, and expectations that Japanese investors may shift some funds into the country

📌The US dollar falls to 154.05 yen per dollar, its lowest level since February last year
#YenRally

On Thursday, I asked this question after Reuters reported that Japan’s Ministry of Finance is shifting to “ambush-style” intervention tactics.

=> Thursday’s Spark: Reuters reported that Japan’s Ministry of Finance is adopting “ambush-style” intervention tactics — deliberately skipping the usual verbal warnings that preceded April’s massive ¥11.7 trillion operation. Silence, it seems, is now the ultimate policy tool.

=> Classic MOF Play, Plant the headline; let leveraged positioning do the heavy lifting. And it worked… for a few hours. The dollar-yen pair plunged nearly 1%, dropping from near ¥163 toward ¥161 as carry trade shorts scrambled for cover.

=> Importantly, no actual yen was bought. The Ministry confirmed nothing. It was pure narrative-driven positioning.

=> Monday Reality Check: The yen has given back more than half of Thursday’s gains, weakening 0.5% against the dollar. The “intervention fear” faded almost as quickly as it arrived.

#BOJ #Ueda #inflation #Ueda #YenNews #YenRally

Japan and the US are reportedly stepping in together to support the Japanese yen as it keeps weakening.

The idea is to calm the currency market and stop the yen from falling further. It also says Japan’s finance minister may officially confirm this coordinated move on Monday, which is why global markets are watching it closely.#NFA✅ #DYOR#YenRally #YenIntervention #GrayscaleUrgesSenateVoteOnCLARITYAct $YGG

$SIREN

$BANANAS31

Macro headwinds are hitting hard

A strengthening Yen and rising bond yields are currently pressuring Bitcoin and other risk assets. This macro shift suggests liquidity is tightening, which is rarely good news for crypto bulls.

#YenRally #BondYields ‎