The David Lin Report · Tuesday, August 25, 2026
Jeff Christian expressed skepticism regarding the effectiveness of the US Treasury's intervention in the yen market, stating that such interventions were largely discredited by the early 1980s and do not typically reverse currency market trends. He believes these actions signal a return to disproven policies and could undermine confidence in financial management.
“The theory is that if the yen carry traded wines, then there could be a sell off in US Treasuries, putting up, pushing up yields.”
“We don't think that that ultimately is a positive. And, uh, for the Japanese yen and the Japanese economy or the world economy.”
“You know, those kinds of interventions don't work.”
“And, uh, they were largely discredited by the early 1980s.”