Scott Bessent's notes leaked showing US Treasury eyeing $5-10B yen buy
Macro implications:
• Dollar weakness signal if executed
• Japan carry trade unwind potential
• Risk-on for crypto if DXY drops
Watch $BTC correlation to DXY next 48hrs. If Treasury actually moves, expect vol spike across all risk assets.
Not financial advice but this is the type of sovereign flow that moves markets fast.
Macro implications:
• Dollar weakness signal if executed
• Japan carry trade unwind potential
• Risk-on for crypto if DXY drops
Watch $BTC correlation to DXY next 48hrs. If Treasury actually moves, expect vol spike across all risk assets.
Not financial advice but this is the type of sovereign flow that moves markets fast.