Major potential market risk: July 20th Upper House elections, which are already pushing JGB and UST yields higher, but may trigger another massive surge in global yields. What you need to know.| westonnakamura.substack.com
Behind the predictable miscalculations and motivations of Prime Minister Ishiba that shoved Japan out of being “U.S. priority #1" in global trade negotiations.| westonnakamura.substack.com
Follow up article from video: Bank of Japan / Ministry of Finance Debt Monetization, Life Insurers, Asset Swaps, Foreigners' Curve Flatteners. Views on JGB policy, USDJPY 250+| westonnakamura.substack.com
If you want an actual market-read on long-dated UST yields, watch what's going on in long-dated JGB yields - which are blowing up.| westonnakamura.substack.com
Japan & China: tariffs, and selling US Treasuries. The great JGB short squeeze that kicked off UST volatility.| westonnakamura.substack.com
Near term USDJPY→ low 140s, and how surging German & JGB yields, as well as JGB & JPY futures quarterly expiry ahead impacts JPY. Plus- preview of "Land Of The Sinking Yen" - the case for USDJPY 180+| westonnakamura.substack.com
Markets pricing out "BOJ policy rate 50bps ceiling" perception on aggressive BOJ rhetoric. A look at near term JPY strength.| westonnakamura.substack.com
If Japanese capital is buffering EU political risk, then the risk shifts from Europe to Japan. How to really read the French government collapse in markets this week.| westonnakamura.substack.com
The case for why the sharpest intraday drop on USDJPY since Oct’22 underway is yentervention - as well as why it is NOT, and why the distinction matters greatly for broad macro markets.| westonnakamura.substack.com