The yen’s slide is seen continuing even as Japanese officials ramp up intervention rhetoric, according to UBS strategists, who see the dollar-yen pair reaching 175 by year-end in an “extended disruption” scenario https://t.co/emse1RHEqJ ...

Arthur Hayes said the concurrent weakening of the yen and rise in JGB yields signal structural stress in Japan that could prompt intervention by the U.S. Treasury and the Federal Reserve, with the New York Fed acting as the operational arm. He added that such intervention would effectively inject liquidity, easing pressure on U.S. Treasury yields and, if accompanied by an expansion of the Fed’s balance sheet, potentially providing short-term support for risk assets including Bitcoin. https://t.co/LB4bi6WAhw ...