🤦🏾‍♂️ There goes the JPY again. Doesn’t matter what DXY does JPY stays/goes down. So what’s the point of trying to absorb all this market stress while the Fed, BOE & ECB do has they please for their own interest while BOJ maintain a negative rate. Wouldn’t it be much better to drop the ball and let the water go were it pleases?. Decades of yield curve control & negative rate has done little to absolutely nothing to boost economic growth/activities.

That’s the only incentive for buyers of JPY is a positive rate at this point. What’s the motivation for BOJ to keep holding water for the US via holding & buying its Treasuries?. Judging by the fact that the current administration has little to no intention in cutting back on its reckless spending. Even when the economy is running extremely hot and its wheels is about to fall off. Just by looking at it’s current debt level, deficit and global geopolitical issues at play, it’s a great disservice by BOJ on the Japanese people to keep rate at negative level.

So going forward, I think the BOJ will begin to look after it’s own economic interest. At the very least by taking monetary policy decisions to at best stabilize the JPY. Hence the reason they’re likely dumping some of its US treasuries of late. Now the question is who’s buying?. Market is already extremely stressed out and Ms. Yellen wants to keep issuing more.