The late-US low in cable has given way and so it’s a new post-post-Truss low with the pair shaving off 33 pips already.
Archives of “October 21, 2022” dayrss
- I don’t think public finances suddenly turned for the worse to cause yen weakening
- Monetary policy left up to BOJ
- To strive to achieve primary budget balancing target
We all knows this ends in tears, right? Japanese public finances haven’t suddenly deteriorated, they’ve been dramatically deteriorating for decades and are the worst in the developed world by far.