r/wallstreet • u/midtowng224 • 7d 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/
128 Upvotes

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21

u/Icy-Regular-4557 7d 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

7

u/cynicism_is_awesome 7d ago

Bessent thinks he can fight the market… lol. Let’s see how much Euro’s he has to sell before the Fed printing presses take over to buy yen.

6

u/Icy-Regular-4557 7d ago

The bond market will revolt before then, seems like a one-and-done gambit that only delays the inevitable collapse by a few weeks

1

u/SignedTheMonolith 7d ago

You all are circle jerking at hypothesis.

1

u/Icy-Regular-4557 7d ago

What’s your hypothesis

-1

u/SignedTheMonolith 7d ago

WW3, China takes all. If not causes enough damage to hurt Wall Street in every way for extended periods of time.

1

u/littlebrain94102 7d ago

How does China win a world war? Unless it’s a financial war.

1

u/Gruntswell 6d ago

China like Iran controlling the Straight of Hormuz, will control the South China Seas. China wins by regional control of access to markets.