So, as I wrote 24h ago, it was clear to anyone paying attention that the Bank Of Japan put itself in a very dangerous spot (TwitterX). Back in 1992, when the Bank Of England was in danger, the Bundesbank cut rates 25bp even if it didn’t make any sense for…
Category:Macro
NOW THE HEDGE FUNDS (HYENAS) KNOW THE #BOJ (LION) IS VULNERABLE!
A big powerful “Minsky Moment” struck many investors, including me, around 10am EST on Monday when the last #BOJ intervention barely moved the needle in the FX market. If you think the BOJ can simply hike rates to strengthen the $JPY, then you don’t realize that when a central bank…