𝐓𝐗𝐌𝐂|Aug 03, 2026 14:53
I wouldn't expect a crazy reaction from gold or BTC because the FIMA facility is merely lending against USTs that the BoJ has to pay back with interest. And the expressed reason is for exchange rate management. If the preferred analogy is yield curve control, then it's an *extremely* soft version of it as there is not a yield target.(𝐓𝐗𝐌𝐂)
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