Tuesday, January 17, 2023

Bank of Japan: Yen Dumps, Nikkei Pumps, Dollar Jumps

That's all I've got.

Bank of Japan is going to have to raise dollars to buy Yen so they have something to buy Japanese Government Bonds with.

They do that by selling U.S. treasuries.

That's it. Kuroda retires in three months and leaves the problem to his successor.

I'm going to have a strawberry.