correct tail #
it drops on and off the scope as it crosses the Atlantic-should appear for you soon
2x a week usually for last few weeks
Suga draws line in the sand: Defend '100 yen' dollar barrier
A shock wave ran through Japan's Finance Ministry in early November after news broke of Joe Biden's presumed victory in the U.S. presidential election – not because of the outcome of the race, but because of an order from the prime minister's office.
"Make sure the yen-dollar exchange rate does not cross the 100 yen mark," Prime Minister Yoshihide Suga told Finance Ministry officials. His comment, which was confirmed by multiple sources, came with an unspoken message: Be prepared to sell yen for dollars in case the Japanese currency breaches the key threshold.
Suga's willingness to consider an intervention an option often seen as a last resort took many by surprise. Tokyo-listed exporters need the yen to stay at 100.2 to the dollar or weaker in order to turn a profit, according to a January survey by the Cabinet Office. Any stronger and their earnings would suffer, which in turn would weigh down their stock prices and kick off a negative feedback loop that squeezes the Japanese economy as a whole.
and since the BOJ owns a large portion of the Japanese market(s) Equities and ETF's they would suffer the most
But Japan has not intervened in the currency market since 2011-ummm no…they did it in early 2019. The director of the Ministry of Finance's foreign exchange markets division, the government's point man on interventions who orchestrates them from the fourth floor of the ministry, has been in effect out of work during the Trump administration. If Japan were to intervene in the market, the decision would come from the second floor, where Finance Minister Taro Aso and Kenji Okamura, the vice minister for international affairs, Japan's top financial diplomat, have their offices.
Then the fourth floor staff would instruct the Bank of Japan to conduct the operations. The central bank would in turn place orders with private financial institutions. The exchange rate is currently between 102 and 104 yen to the dollar. With the yen starting to enter treacherous territory, Suga is keeping a close eye on the currency market just as he did during his almost eight years as former Prime Minister Shinzo Abe's right-hand man.
"Managing foreign exchange risks is one of my key priorities," Suga said when he was chief cabinet secretary.
When Abe became prime minister at the end of 2012, the Japanese currency had strengthened to less than 90 yen to the dollar. He managed to stabilize the rate through aggressive policies, including quantitative and qualitative easing by the Bank of Japan, which contributed to a recovery in corporate earnings and higher stock prices. A strong economy paved the way for him to become Japan's longest-serving prime minister in history.
moar
https://asia.nikkei.com/Politics/Inside-Japanese-politics/Suga-draws-line-in-the-sand-Defend-100-yen-dollar-barrier
usually a stop at Tucson (nw of) and if not there then North Island
That AC has left North Island as ANON heading east before.
it's not POTUS brainlet it's the FRBNY