Although current FX interventions are not yet a significant concern for the Treasury market, large-scale interventions by major holders like Japan or China could pose risks in the future. https://www.japantimes.co.jp/commentary/2024/05/02/japan-exhausts-intervention-slush-fund/ #commentary #yen #dollar #forex #japaneseeconomy #boj #ustreasurys #useconomy
U.S. bonds brace for impact of Japan’s currency moves

Japan holds substantial dollar reserves, but if depleted, it might resort to selling U.S. bonds, though other measures would likely be considered first.

The Japan Times