Good morning…

$BTC Bitcoin drops to 88K. No wick.

That's because of the ongoing Japanese Bond issuance, a sign that Japan will become the exit liquidity for the US. The end game is like that.

Several banks have already requested Yield Curve Control, which involves buying as many government bonds (JGB) as possible to keep the yields at that level.

While QE has a cap, for example, a maximum of 60 billion dollars per month, YCC has no cap; the BoJ will buy as much as needed.

Isn't that a clear sign that the Yen will reach 160/$, even ZH says 200/$?

What does that have to do with Bitcoin?

Bitcoin eats Yen. If Japan is finally allowed to sell US Treasury bonds (UST), then there will be massive selling of US bonds, demand will fall, and the Fed will have to buy back, which is why DXY will go to 70, just as Peter Schiff said.

🫡🫡🫡🫡🫡

What if Japan stops buying JGBs, no YCC?

This kind of chaos continues like a parliament being dissolved by the Prime Minister.

Want to feel sorry but also richer, well, just go ahead.

RSI 26. Today there are pending home sales.

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