Yen’s getting extremely close to this century’s low… don’t be surprised if those “others” re-adjust sharply lower in the coming days.

Yen’s getting extremely close to this century’s low… gawd. pic.twitter.com/uurVX4RRDz

— David Ingles (@DavidInglesTV) June 8, 2022

Japan is pumping out free money like there is no tomorrow. In 1998 financial “geniuses” found out the hard way that in a RISK OFF market, it can be hard to pay it back when collateral is collapsing and cost of carry is sky-rocketing.

“When Genius Failed”

To exist. pic.twitter.com/YXI1wj0byc

— Mac10 (@SuburbanDrone) June 8, 2022

1/Seems Kuroda has “woke” up

2 non contradictory thoughts:

•Kuroda sorry over (perfectly acceptable IMO) words = ridiculous how “newsworthy”

•Kuroda ≠ apologizer (as sitting CB heads never “should” or policy undermined) underscores what he’s unapologetic fine with
(thread) pic.twitter.com/cKhQFHZyNH

— Weston Nakamura (@acrossthespread) June 8, 2022

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