The David Lin Report · Friday, August 7, 2026
In a significant market move, the U.S. intervened in the Japanese Yen market, purchasing Yen for the first time on this scale since 1998. This action comes as oil prices dropped sharply by 6.5% after reports of President Trump calling off a potential strike on Iran.
“Breaking news over the weekend, the US intervened in Japan and, uh, bought Japanese Yen for the first time since 1998 on this scale.”
“Uh, oil just shot down by six and a half percent after Trump apparently called off a strike on Iran.”