Japan's government says it may "intervene" before the Japanese Yen to US Dollar ratio reaches 160.
Over the last 2 months, the Yen has gone from 145 to 157 as a $110B+ stimulus package is coming. We are ~2% away from "intervention." Source: The Kobeissi Letter @KobeissiLetter
Japanese Yen hits weakest level against the U.S. Dollar in more than 8 months
Source: Barchart
Google Searches for Dollar "Debasement" soar to highest level in history 🚨🚨🚨
Source: Barchart
This is ugly...
EURCH is at a critical support level.
The U.S. just finalized a $20 billion currency swap deal with Argentina and is now directly buying Argentine pesos to help stabilize the collapsing currency.
This comes just a day after Argentina’s short-term yields exploded to 87% as President Milei burned through reserves to defend the peso before the October 26 elections. The new U.S. support marks a dramatic intervention aimed at restoring liquidity and easing pressure on Argentina’s financial system, which has been teetering on the edge after weeks of heavy dollar sales and record borrowing costs. Source: StockMarket.news
Mighty Dollar...
The dollar index $DXY is taking out range highs, closing well above the 50 and the 100 day moving averages. We haven't seen the DXY close "properly" above the 100 day since the dollar bear started earlier this year. Not good short term news for the gold and precious metals space. Source: The Market Ear
Over the last 1 month, the US dollar has been more volatile than the S&P500.
As Goldman Sachs Brian Garrett notes, this has happened twice in the last 7 years (Dec 2023 and Jul 2025)... Source: zerohedge
Since 2000, dollar is down 82% against gold
Source: Willem Middelkoop @wmiddelkoop on X
