Any/all politics aside (seriously)- good god those are 2 of the most career politician-y “smiles” I’ve ever seen. These guys are pros

Markets-wise, that’s what 2 mutually satisfied parties look like:

USDJPY upside ←🇯🇵meddling
(🇺🇸👍)

Nippon Steel / US Steel ←🇺🇸meddling
(🇯🇵👍)

I smell widow-stew, $USDJPY #dollaryen
Weston Nakamura

Never underestimate the size of the graveyard (specially-zoned) by #Japan to bury #yen shortsellers. Again. Again. And again.

With #dollaryen at 34-year lows, the guys at Japan’s Ministry of Finance (MoF) are…

I had the pleasure of speaking to the investment club at 🇯🇵Temple University Japan campus on my take on career paths in institutional finance, trading & markets.

Watch my presentation on trading/investing:
youtu.be/qDEtZRc6TYM?si…

See clip👇

JAPAN MARKET SPECULATOR NAKAMURA (me): AND I BELIEVE IT’S COMPLETELY INAPPROPRIATE FOR YOU, JAPAN PM KISHIDA, TO PUBLICLY OPINE ON WHAT MONETARY ENVIRONMENT YOU DEEM AS APPROPRIATE/NOT

(Just FYI-🇯🇵PM Kishida just met w/ BOJ Ueda post-press conf to discuss.. things. But “not FX”)

Note that 🇯🇵Finance Minister Suzuki is ALSO talking WHILE 🇯🇵BOJ Gov Ueda holds his press conference

Dual policy heads simultaneously trying to “net-out JPY↓ taking place (or, allow for Ueda to deliver dovish hike message)

Incredible - used to be 🇯🇵MOF yentervention waits to…

(+caveat: BOJ > 50% of JGB “market”)

So, indeed this remains true 👇

🇯🇵March ‘24 Bank of Japan Policy Release

Big Picture: BOJ Continues “YCC-C” in yet another step towards regaining more control over its policy (i.e. taking back control from market dictation) via increased optionality & flexibility

bit.ly/ats_BOJ_Mar24
👆pre-Ueda writeup

(Policy itself aside) 🇦🇺RBA “beats” 🇯🇵BOJ in policy release time

Among the many many things BOJ needs to do - can we PLEASE just at least be normal with having a pre-defined/set policy release date/time??

(& no, Nikkei “leak” release at 🇯🇵2am on day-of BOJ is not what I mean)