AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Is Japan a Safe Haven?
JGB is a safe haven, right? Because they're the only like one with the explicit central bank floor. And so what happens when they kind of pull all that back now that there's a yield back at home that they don't have to worry about FX report,. That might be of concern, but that doesn't really happen sort of like an overnight sort of basis. They've already done a lot of that anyway. The problem though is more again, more of this sort of mechanical technical issue in which you can see a situation where if JGB yields make a sudden spike up and double as they have on something like this. And that happens to coincide with current conditions in the US