Yen just spiked to 155 per dollar — first time in a month.
Trigger? Bessent (US Treasury Sec) opened his mouth.
Now we're seeing unwinding of:
• Yen shorts
• JGB (Japanese gov bond) shorts
Mainly foreign investors covering positions fast.
This is classic macro whiplash. When treasury officials talk, algos listen. If you're trading forex pairs or macro-sensitive alts, watch USD/JPY closely — volatility breeds opportunity.
Trigger? Bessent (US Treasury Sec) opened his mouth.
Now we're seeing unwinding of:
• Yen shorts
• JGB (Japanese gov bond) shorts
Mainly foreign investors covering positions fast.
This is classic macro whiplash. When treasury officials talk, algos listen. If you're trading forex pairs or macro-sensitive alts, watch USD/JPY closely — volatility breeds opportunity.
