Shannon Hammon

[Shannon Hammon @hambone5573]

@FirstSquawk But hey she can play the drums. Lol

[Shannon Hammon @hambone5573]

@beyond_broke @johnj22 I just used that email to get ready for setup. Been following you and building 3 years.

[FinancialJuice @financialjuice]

BoJ set to keep interest rates unchanged in July but maintain policy guidance pledging to continue raising rates - Sources

[Bull Theory @BullTheoryio]

🚨 JAPANESE GOVERNMENT AND BOJ ARE NOW WORKING AGAINST EACH OTHER.

Today Katayama said Japan wants GPIF, its $1.5 trillion public pension fund and the largest in the world, along with other public funds, to increase investment in domestic Japanese assets.

GPIF currently holds close to 50% of its portfolio in foreign stocks and bonds. Even a small shift back toward Japan pulls real money out of US treasuries and US equities and redirects it home.

A fund that size moving even a few percentage points can move global bond markets on its own.

Japan's PPI just came in at 7.1% year over year, above the 6.8% forecast and up from 6.3% the month before. This data just came in today. Inflation accelerating and a major pension fund preparing to buy more domestic bonds should both push Japanese yields higher.

Instead, the 10-year JGB fell 10 basis points to 2.775%, and the 20-year fell 10 basis points to 3.765%.

This comes only months after Japan's actual bond crisis in January 2026, when the 40-year JGB yield broke above 4% for the first time, driven by fiscal expansion promises from the government during an election cycle.

That crash is the reason yields are still this sensitive to every new signal out of Tokyo.

Underneath all of it, the BOJ has been shrinking its own balance sheet, down roughly $502 billion from its 2024 peak, now near $4.33 trillion, as it pulls back from the bond buying that kept yields artificially low for over a decade.

Less BOJ buying means the market has to absorb more JGB supply on its own, right as the government plans to issue more debt.

That is where the new tax plan fits in.

Japan is planning to cut its food consumption tax from 8% to 1% starting April 2027. The remaining 1%, close to ¥600 billion a year, gets redistributed as direct cash payments to lower income households.

A bigger tax credit system is scheduled for 2029, with parts possibly moving up to autumn 2027. Every one of those steps means more government spending funded by more bond issuance, landing at the exact moment the BOJ is stepping back from being the buyer of last resort.

Rate hikes are supposed to slow the economy and support the yen. Tax cuts and cash handouts speed it back up.

The BOJ has rates projected near 1.5% by 2027, the highest in decades, while the government spends more, at the same time the central bank is buying fewer bonds than it has in years.

The yen carry trade, where global funds borrow cheap yen to buy higher yielding assets abroad, is still estimated at $4 to $8 trillion.

Japan spent $72 to $73 billion defending the yen earlier this year, and USD/JPY still hit 162, a 40-year high.

In August 2024, a BOJ hike of just 0.15% triggered a rapid carry unwind.

The Nikkei fell over 12% in a single session, and Bitcoin dropped from around $65,000 to under $50,000 in less than a week, purely from leveraged yen positions getting margin called at once.

Japan is now tightening policy, shrinking its balance sheet, and expanding fiscal spending, all at the same time, this has never happened before.

[Shannon Hammon @hambone5573]

@beyond_broke Im in MM and i need to get setup.

[Financelot @FinanceLancelot]

Setting the narrative for an "Iranian" 😉 retaliatory cyber attack on the backbone of the global financial system.

[Barchart @Barchart]

Hedge Funds have now built the largest Japanese Yen short position since the run-up to the Global Financial Crisis 🚨 🚨 Dear God 🤯

[Shannon Hammon @hambone5573]

@beyond_broke Mutual interest is why BOJ will raise rates. Evidently the Japanese government/ corporations/ people have lots of XRP. So yeah the fix is in. Just looking for a excuse like @beyond_broke keeps saying. It is what it is 💵💪💰

[Shannon Hammon @hambone5573]

@eviethedog65 No hurry here amigo. Still be backroading and drinking a 12 pack. Lol.

[JPY Only @MehtaDivya37757]

LDP will face difficulties if the Yen weakens more. They can tolerate 150-160 for more years but not 170-180

[JPY Only @MehtaDivya37757]

Something tells me we will hit 163 today 💔

[Whale Insider @WhaleInsider]

JUST IN: 🇯🇵 Hedge funds turn most negative on Japan’s yen since 2007 - CFTC.

[Coin Bureau @coinbureau]

JUST IN: $3.6T Goldman Sachs says the yen will crash to 165 per dollar in a year, making it one of Bloomberg’s most bearish calls.

Goldman raised its 12-month forecast from 155 as the yen hits 162.8, its weakest level since 1986.

[Yuto 🇯🇵 @yutokanzakireal]

日本銀行が準備している措置は、数十億の人々の生活に影響を与えるでしょう。

西側諸国の皆様、深くお詫び申し上げます。

これは個人的な問題ではありません。

神のご加護がありますように。

[JPY Only @MehtaDivya37757]

Another Truss shock coming from Japan this month? Because if it does, Forget 170, we will be talking when 200!

[JPY Only @MehtaDivya37757]

GS has been quite accurate in Yen.

[Shannon Hammon @hambone5573]

@AbsGEC This is interesting. Like to hear more of yall analysis on it.

[JPY Only @MehtaDivya37757]

Japanese people are themselves selling Yen and buying foreign assets as they believe that @satsukikatayama and this government will let Yen weaken to 200 levels (23% further weakness). So they will intervene if MoF intervenes 😅

I don’t see exit plan for them from here. They are not hitting when it impacts the most. What happens if they intervene one random day and we will back to 160+ again in no time.

[Barchart @Barchart]

Japanese Yen will collapse to 165 against the U.S. Dollar, its weakest level since 1986, warns Goldman Sachs 🚨 🚨

[Gold Telegraph ⚡ @GoldTelegraph_]

The Bank of Japan spent decades proving you can buy anything… every bond, every dip, every ETF on the shelf.

The one thing it couldn’t buy was the exit.

We are watching a real-life movie.