@uptin: Rich in Japan 🇯🇵

Nope :

bro got shadow ban

xanthus balius :

Explanation has some inconsistencies - "now add oil... " and "need to sell more yen to dollars to buy oil" - but, this was the situation 12 months ago. and ten years ago too. Situation is Japan is the largest holder if US treasury notes and bonds, and Japan wants to start redeeming it's holding in US debt to bring the money home. And, with the lower exchange rate, these USD assets are now worth way more. But, USA doesn't want Japan to start selling USD debt, because that will push up US interest rates. argghh. bad for US economy. So, treasury secretary Bessant has intervened unilaterally, to push up Yen value by FX intervention, hoping this will delay Japan selling of US debt products, especially US long dated bonds. Don't you think?

Don Sam :

Have you heard about the Nigerian naira value over the past decades ?

georocks65 :