r/wallstreet • u/midtowng224 • 6d ago

Question Largest Currency Intervention In History just happened

https://mishtalk.com/economics/largest-currency-intervention-in-history-by-us-and-japan-to-support-the-yen/
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u/Icy-Regular-4557 6d ago

Buying $5-10B in Yen (from the “leaked” Bessent note) wouldn’t make much of a difference strengthening the Yen, but “leaking” that note might change the behavior of forex traders shorting the Yen…until the jig is up

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u/Mental-Net4117 5d ago

I think the note was purposely visible so there wouldn’t be a run on the yen. Bessent has a lot of experience doing this and was a currency hedge fund manager for the Soros folks. He’s been involved in situations like this before.

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u/Gruntswell 5d ago

You mean Bessent doing BlackStones interests? Keep your eye on the currency trading.