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  • Bank of Japan spent $38.4 billion to prop up the yen, 7/24/24

    From youtube.com/cmegroup

    Bank of Japan spent $38.4 billion to prop up the yen. Bob Iaccino has more data
Well, they picked a good spot to buy...always nice to catch the bottom of a 34 year move!
Done ?
Spending soo much means policy change wont happen ?!
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  • | IP XXX.XXX.95.28
If spent that much, means Ueda could be dovish next week. Each time he speaks, Yen becomes weak. Imagine spending so much just to prop up the currency, when it could have been put to better use for the Japanese people. All BOJ had to do was increase interest rates, cut bond buying in their April & June BOJ meetings and this issue with Yen would not have been so bad.
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  •  Guest
  • | IP X.XXX.15.145
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