Japan and the US are in panic mode.
The Japanese are facing a total erosion of their economy. The US, Japan is the highest holder of US treasuries ever since China exited much of their holdings of treasuries (courtesy of Donald Trump).
But the serious implication is if this does not work, US treasury yields will explode. Sucking up cash from the stock markets.
Not a good position right now.
Japan Confirms Joint FX Intervention with U.S., Says Won't Hesitate for More
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
