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Robin Brooks, industry influencer, commented on Japan's recent intervention to support the yen, highlighting that the move was as sizable as the intervention in 2024.
Brooks observed that earlier efforts in 2024 did not succeed in strengthening the yen and expressed skepticism about current prospects, pointing to continued Bank of Japan purchases of Japanese government bonds as a factor undermining the currency.
Brooks has previously called attention to risks in global debt markets caused by unchecked fiscal policy and persistent inflation, according to a recent article. He also noted that foreign inflows into the U.S. recently reached record highs, defying concerns from earlier tariff disputes, as reported here. These observations provide further context for his latest commentary on Japan's intervention efforts.