Japanese authorities are considering intervention to support the beleaguered yen, with strategies including the potential sale of Treasuries, according to Citigroup via @markets. This move comes amid the highest short positions on the yen in 17 years, as reported by the COT report (Commitment of Traders). Market watchers are closely monitoring the situation, especially in the wake of the latest US CPI report, which could influence Japan's decision. Retail investors in Japan have begun buying yen in anticipation of government intervention. Bloomberg's calculations suggest that any Treasury sales by Japan to fund this intervention would likely be absorbed by the market without much disruption.
Yen Intervention Bond Sales Likely A Drop In Treasuries Ocean - BBG https://t.co/6xSIc70vCA
Any sale of Treasuries to fund Japanese intervention to prop up the yen would likely be easily absorbed by the market, according to calculations by Bloomberg. https://t.co/EjUGkrD96x
Any sale of Treasuries to fund Japanese intervention to prop up the yen would likely be easily absorbed by the market, according to calculations by Bloomberg. https://t.co/q6875kGQzI
🇯🇵 Bets on Intervention Fuel #Yen Buying by #Japan’s Retail Investors – Bloomberg https://t.co/6z1nC2SAv3 https://t.co/ZNpAarHR0y
Bets On Intervention Fuel Yen Buying By Japan’s Retail Investors - BBG https://t.co/7a65J3INiC
🇯🇵 #Japan | #Yen Watchers Game Out Intervention Risks Post US CPI Report – Bloomberg https://t.co/ilLdD3861P https://t.co/JjqyTxytMI
Highest JPY 🇯🇵 short positions in 17 yrs according to COT report (Commitment of Traders) Now or never for Japanese government intervention to squeeze out those shorts. See my charts on how USDJPY could move 👇 https://t.co/0pCyeaIYEX
Japanese authorities will probably need to sell Treasuries in the event they step in to support the beleaguered yen, rather than just tapping cash parked in a key Fed facility, according to Citigroup. https://t.co/XqAavEkZ0E via @markets
Japanese authorities will probably need to sell Treasuries in the event they step in to support the beleaguered yen, rather than just tapping cash parked in a key Fed facility, according to Citigroup. https://t.co/ybe8rD2MLE