$TRUMP
๐จ๐ The US and Japan may be coordinating currency intervention for the 1st time in 15 YEARS ๐ค
The US Dollar is falling for a 3rd consecutive day to its lowest since September on speculation of joint US-Japan intervention ๐ค
The yen rallied +1% to ~154 per USD, the highest in 2 months โด๏ธ
This comes as rate checks conducted by both US and Japanese authorities suggest coordinated preparation for direct market intervention โด๏ธ
The US has not joined a coordinated effort to intervene in Japanese currency markets since March 2011, when it sold yen following the Fukushima earthquake โฉ๏ธ
Importantly, policy coordination would signal a willingness to tolerate easier global Dollar conditions, which could reinforce further US Dollar downside ๐ข
A stronger yen could trigger a violent unwinding of carry trades, or spark fears of unwinding and lead to the stock market sell-offs, similar to July-August 2024 โ๏ธ
Watch closely what is happening in Japan โฉ๏ธ๐ข
๐ธ Warning ๐ธ I do not provide financial advice ๐The intent of this content is for you to be aware of market conditions before starting to invest ๐Thank you for reading ๐