JAPAN IS TRAPPED AND EVERY OPTION MAKES IT EVEN WORSE

Japan spent roughly $88 billion in two days defending the yen. USD/JPY hit 155.2, and it is already back above 159.

That $88 Billion intervention bought them just three days.

Bond yields are making it even worse.

The 2-year and 5-year both hit 31-year Highs.

Weak currency + high bond yields is a problem no country can afford.

A weak yen makes every import more expensive, and Japan buys almost all its energy in dollars. Rising yields make borrowing more expensive for every Japanese business at the same time.

It gets worse for the financial system. Japan's four largest insurers are already sitting on ¥14.5 trillion in unrealised bond losses, roughly $91 billion.

Every rise in yields makes that number bigger.

Now the BOJ looks set to hike in September.

Reuters reported yesterday that at least three of nine board members argued for faster rate increases at the July meeting.

Sources say the intervention and pressure from Bessent have all but locked in a September move.

A hike pushes Japanese yields higher still, which deepens the losses on bonds already held and raises borrowing costs further.

And there is a second much worse effect.

Higher Japanese yields narrow the gap between US and Japanese rates. That gap is what makes the yen carry trade profitable.

Traders borrow yen cheaply and buy higher-yielding assets abroad.

Narrow the gap and the trade stops working. Positions get closed, and closing them means selling.

Every direction the BOJ turns creates a new problem somewhere else.

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Too many Minorities

LisaJaneSpencer

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This is who you are trading against

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So tiny, yet somehow each one is worth more than an entire Subsaharan nation

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This video is a glimpse of what a minority-White America will look like: chaotic, low-trust, violent, and trapped in a constant escalation of conflict.

Prepare accordingly.

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NEWS: Tokenized equities supply on Solana has reached a new all-time high, with $TSLA and $CRCL remaining the largest tokenized equities by supply

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BREAKING: Zillow COO steps down, and drops this iconic line

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It looks like Banksy is going to be replaced by a patriotic artist. This one was seen in Clacton-on-sea of a policeman covering up the Union Jack flag.

The whole country backs him.

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JUST IN: Russian President Putin says "I have never been afraid of anything."

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Do you think $57,700 was the bottom ?

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BREAKING: Trump, flanked by Sec. RFK Jr., signs major executive order to DRASTICALLY reduce the amount of childhood vaccinations for babies, down from 72 to 11 over a short time

"We are recommending 72 JABS for beautiful, healthy, delicate little children!"

"Effective immediately, my admin is recognizing Gold Standard Childhood Vaccine Recommendations for only 11 CORE VACCINATIONS against only the most dangerous and serious diseases."

COMMON SENSE!

This is huge for MAHA

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BREAKING: Trump signs executive order reducing the number of childhood vaccinations recommended in the United States.

"America's recommended more childhood vaccines than any peer nation, and even twice as many doses as some European countries."

"In many cases, we were requiring 72 jabs for our beautiful, healthy, lovely, delicate little children."

"Effective immediately, my administration is recognizing gold-standard childhood vaccine recommendations for only 11 core vaccinations against the most serious and dangerous diseases."

"The MMR will hopefully be split up. We want it in separate vaccinations given at separate times."

"Vaccinations for hepatitis B, COVID-19, and influenza, among others, are no longer recommended for all children."

"In addition, this EO directs the Attorney General to advance legal challenges against states that violate children's rights to religious or medical exemptions."

realDonaldTrump

RobertKennedyJr

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Insane

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He’ll remember that cat call for the rest of his life

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