🇺🇸 Kyle Bass 🇹🇼 (@Jkylebass) posted at 5:52 AM on Tue, Apr 30, 2024:
Looks to us that Bank of Japan(BOJ) spent $35 billion of its $1.2t in fx reserves in its aggressive intervention yesterday. It won't take many more of these 'episodes' to scare market participants out of their yen and into USD. Japan's overnight interest rate is 0-.1% while SOFR… https://t.co/Bm985Ne59a
(https://x.com/Jkylebass/status/1785291056797319609?t=0x3s3p1ePpgEzMZ8SalXYw&s=03)
Looks to us that Bank of Japan(BOJ) spent $35 billion of its $1.2t in fx reserves in its aggressive intervention yesterday. It won't take many more of these 'episodes' to scare market participants out of their yen and into USD. Japan's overnight interest rate is 0-.1% while SOFR… https://t.co/Bm985Ne59a
(https://x.com/Jkylebass/status/1785291056797319609?t=0x3s3p1ePpgEzMZ8SalXYw&s=03)
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