Yen went on a free fall to a 24 year low yesterday. It is the third largest fiat currency in the world. Japan is also the largest holder of US treasuries.
Yen went on a free fall to a 24 year low yesterday. It is the third largest fiat currency in the world. Japan is also the largest holder of US treasuries.
So, they sell foreign currency. What do they have to sell? Only the second-largest stash of UST securities.
:deeper-sadness:
Yes