Weekly New York Fed EURO/US$ Swap/Prop: $389m to ECB with BoJ getting $2M (this will get bigger eventually)
This was averaging about $200m a week all last year and although it's slightly lower this week ($437m last) it's still about double-so almost $400m to prop the EURO each week courtesy of the New York Federal Reserve Currency Swap Operation(s) and at a rate of 4.83% up from 4.54%
https://www.newyorkfed.org/markets/desk-operations/central-bank-liquidity-swap-operations
Nuffin to see here
still in the "testing" phase of that for them (BoJ) cuz the amount is so small.
When the UST markets seizes up or they are told to stop dumping them to prop muh yen they'll just do it that way like the ECB.
Kuroda-san gonna sneak out the back door before it all falls apart
Looks like BoE is gonna be first with digital currency too.
>much easier to usher it in
Unfortunately you are correct
And not a coinkidink the BoE before the BoJ cuz of that (Rothy going private)
They just gonna put in another Rothy stooge in at the BoJ (always expected that anyway) so nuffin gonna change with ZIRP and the next time they report it'll be another "record spend" to contain the 10y JGB and muh Yen
thank you BV
PF: Mexi AF FAM3526 737 went to Guadalajara from Santa Lucia AB-pretty quick descent going in too
Same AC used in Chapito's arrest at Culiacan and has been down to Chile and Ecuador this week 2x
they can't pull that one off cause he'd hafta go to Rzsesow and way too many eyes on that.