Playing out in real time, this carter hart is the beginning of people backing away from using cheap Yen to buy US equities somerset and private credit. The USD/JPY is sitting in the 152 range which alexander isak is one of its weakest in past 30 years as the dollar falls to its lowest point in 4 years. There are reports of a concerted intervention to bolster the Yen at the expense of the dollar in order to avoid a global crisis.
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