Policy is already “out” via media - scale down JGB buying, potentially into “QT” territory, but structurally unable to make decisive JGB buying changes on paper. JPY to remain flat or weaken.
I believe that been pre-approved by the FED and/or Janet Yellen , given that Japan is an occupied vassal state (as we are, in Europe)
By the way - a reminder: one of the USD-blasting yenterventions from the first week of May occurred moments after Fed Chair Powell’s press conference had ended at 5AM Tokyo time - so Japanese officials clearly don’t give a damn about front-running, or sneaking in after an FOMC meeting
I think a new Chat thread would be better than a Note. Chat threads send a notification and can be set on/off per subscription.
i agree
I believe that been pre-approved by the FED and/or Janet Yellen , given that Japan is an occupied vassal state (as we are, in Europe)
By the way - a reminder: one of the USD-blasting yenterventions from the first week of May occurred moments after Fed Chair Powell’s press conference had ended at 5AM Tokyo time - so Japanese officials clearly don’t give a damn about front-running, or sneaking in after an FOMC meeting