Source: Seeking Alpha
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Bessent Is Trying To Defuse A $2 Trillion Yen Bomb
Recent coordinated interventions have strengthened the yen, unwinding a $2 trillion+ carry trade and raising market risk. Unlike the August 2024 sell-off, this policy shift is telegraphed, with larger Treasury buybacks and joint U.S.-Japan efforts to avoid disorder.
Source: Seeking Alpha
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