adding $SVIX
They swap to store energy in currencies, then they unload woop ass on oil to crush it
$SVIX is used as painkiller for markets so they dont feel a thing.
Im pretty sure the gamers are fanz of godzilla, eat sushi, and have black hair.
And I think this is correlated - i dont understand how, but somethin tells me jPan is scrambling to please Uncle jPow.
thats a pretty big move for a country that specializes in cheese with holes....
If i understand this correctly - dxy states
sold US / Canadian bonds every day
(1,2,3,4,5)
THEN SUDDENLY AND ALL AT ONCE
bought every bond they could get their fingers on...and esp during the overnight and 2 sessions post...
Zooming out - so you can see just how massive that currency move was...
when u c it....
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Digested and simplified - there are 2 critical components of reserve currency:
1) most trade is done in that reserve currency 2) most money is stored in that reserve currency
Right now, its the dollar.
And the store is US treasuries.
Any country thats wanted a seat at the international trade table must store foreign exchange reserves in dollars. But they want some return for their investment so they buy US treasuries.
If you look at trading economics, look at FX reserves for any given country.
Because most trade is done in dollars its easier to just store dollars in US treasuries. You sell treasuries for dollars when you need them.tradingeconomics.com/country-list/f…