Zortix matched this thesis to Japan ETFs as one way for retail investors to get exposure. Not a recommendation.
Treasury's yen intervention rationale questioned
The guest speculated the US Treasury's yen intervention was motivated by a desire to prevent Japanese selling of US Treasury assets, which could push yields higher.
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The Callback
BOJ intervention signals potential surprise rate hike
30 weeks between these two statements.
The guest argued the macro setup in Japan - a steep yield curve, low real rates, and a very weak yen - creates a potentially positive asymmetric situation for being long the yen and Japanese Government Bonds (JGBs).
The guest speculated the US Treasury's yen intervention was motivated by a desire to prevent Japanese selling of US Treasury assets, which could push yields higher.