On the 29th of April, something very special happened, yet many did not grasp the importance of the event. Even if that day was a public holiday in Japan, hence there was no real liquidity in the US Treasuries (both spot and related derivatives) market overnight hours as usual, the...| JustDario
While global investors are busily plucking daisy petals to decide between fear and #fomo, a (very) large elephant is crying out in pain in one corner of the globe. In a surreptitious move, #Softbank quietly rescheduled the release of their Financial Results for the entire 2023 fiscal year from the...| JustDario
The text discusses concerns about a potential resurgence of inflation, challenging the notion that central banks have successfully tamed it. Recent UK inflation data for December suggests a possible upward trend, prompting questions about the Federal Reserve's rate-cutting plans. Bond traders are adjusting their bets, and the author predicts a likely rise in interest rates unless a significant event disrupts the current pattern. The impending maturity of substantial debt in 2024 adds pressure...| JustDario
History never repeats, but it often rhymes. Yesterday was one of those very fascinating days in which you experience so many déjà vu moments. A few hours before #Softbank’s FY2023 results, a kitty started to roar again after more than 3 years of silence (@TheRoaringKitty), and vibes from 2021 started...| JustDario
First of all, let’s do a quick recap of how we got here: At this point, something very important happens. On the 30th of July, right after US stocks opened for cash trading, someone very big was clearly being margin called and liquidated as I warned in this post here...| JustDario
Late last year, the #FED quietly added a very unique institution to its Standing REPO Facility: #Norinchukin Bank. Like every other news against the MSM narrative, this event was quickly brushed away from public attention. In the article “WHY IS THE FED PREPARING TO BAIL OUT A JAPANESE BANK? BECAUSE...| JustDario
EXPLAINING AND SIMPLIFYING THE JPY (COUNTERINTUITIVE) “DOOM LOOP”| JustDario
Today, #Norinchukin Bank is starting to be less of an obscure name compared to more than 7 months ago when the #FED quietly added it to the list of counterparts eligible to access the standing Repo Facility the central bank established with the purpose of dealing with emergency liquidity shortfalls...| JustDario
Three months ago, in “Why a Historical $JPY Currency Crisis Is at the Doorstep of Japan”, we discussed the precarious state of the Japanese yen (#JPY). Considering the volume of JPY printed, the size of Japan’s economy, and its foreign reserves, the yen should have been trading at 298 against...| JustDario