...will the BoJ raise rates or sell US Treasuries to raise $ to support the Yen, in the process unwinding the yen carry trade (borrowing Yen at zero rate to invest in US equities and/or US money market at 5%) effectively a yen short, if it does it could create some market turmoil, if it does not the Yen could continue to slide as shorts accelerate, threatening Japanese inflation.
“The Bank of Japan is caught in a black hole of their own design.”
