Moments ago the yen spiked to a session high against the US dollar
The highest since Oct 12, after Japan's Nikkei reported that the Bank of Japan may tweak its YCC again and allow long-term yields to rise above 1% as soon as its Tuesdays meeting. Source: www.zerohedge.com
Meta’s ad rebound gets huge assist from China even though its services are banned there
Meta may be banned from operating in China, but the company is counting on advertisers there to boost its growth. Finance chief Susan Li told analysts on Wednesday’s earnings call that Chinese companies played a major role this quarter. Online commerce and gaming “benefited from spend among advertisers in China reaching customers in other markets,” Li said. Source: CNBC
Here's a chart of gold in yen
Japan has been ahead of the curve when it comes to FIAT currency debasement and the way its currency is trading against gold is rather frightening with another huge ~10% new ATH move this month. Will other FIAT currencies follow the yen path? Source: Graddhy - Commodities TA+Cycles
China’s Nasdaq-Style Index falls to record low:
Star 50 index, which tracks manufacturers, chipmakers & biggest comps on Star Board, falls to lowest since its inception >3yrs ago as investors’ confidence wanes. Set for 6 straight mths of decline. Source: HolgerZ, Bloomberg
China Injects Most Short-Term Cash Into Banking System on Record - Bloomberg
China pumped the most liquidity into its financial system via short-term monetary tool on record, suggesting policymakers are keen to keep funding costs low to bolster the economy. The People’s Bank of China granted lenders a net 733 billion yuan ($100 billion) of cash with the so-called reverse repurchase contracts on Friday. That came after data released this week flashed signs of a pickup in the economy last month, when consumer spending and industrial production came in stronger-than-expected. Lenders keep one- and five-year loan prime rate unchanged. Source: Bloomberg
Mapped: Asia’s Biggest Sources of Electricity by Country
By Elements / Visual Capitalist
China has cut its holdings in US Treasuries to $805bn, the lowest level since 2009
Beijing has been selling $502bn in Treasuries in the past decade, & pace of Chinese selling has been accelerated recently. Source: Bloomberg, HolgerZ
🌍Worldwide, many other countries have debt that is more than their GDP
Japan consistently ranks among the top nations with a debt-to-GDP ratio exceeding 200%. Source: Genuine Impact
