Yowza. Looks like Japan's intervention was larger than I thought it was.
Am guessing ¥5.5-6.0trln based on the Forecast BOJ Current Account Changes "Financial Factors" change for May 1.
That's $35-38bn.
MAYBE WE NEED MORE "FINANCIALIZATION"
In today's @markets newsletter, I wrote about the new proposal from @ArnabDatta321@alexbhturnbull and @vebaccount to build more liquid markets for minerals critical to the energy transition.
don't forget that warren buffet will be remembered for his investor letters, paul graham will be remembered for his essays & robert oppenheimer will be remembered for quoting the bhagavad gita
China’s black market for AI servers with Nvidia H100 chips inside saw spot prices fall over 10% to 2.7 - 2.8 million yuan (US$380,000) from over 3 million yuan, as some sellers cleared inventory ahead of the launch of Nvidia’s next-generation H200, media report, adding the price…
As expected, Jane Street has (for now) withdrawn the lawsuit. Still trying to make life miserable for Millenium though. But Millenium’s legal strategy seems to work. (“Oops, I didn’t mean to say India, sorry judge”) Downside is, the whole world is now looking at Indian options
As expected, Jane Street has (for now) withdrawn the lawsuit. Still trying to make life miserable for Millenium though. But Millenium’s legal strategy seems to work. (“Oops, I didn’t mean to say India, sorry judge”) Downside is, the whole world is now looking at Indian options https://t.co/EZBj9fiQdy
ICYMI - A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain.
August power prices for Dallas have jumped to $168.70 a megawatt-hour, the highest level in five years for this time of the year, and an 82% premium…
Introducing The Front Page, your first-up, first-read morning newsletter—a portal into the world of The Free Press and the world at large. Helmed by the brilliant @ollywiseman and supported by the whole team @TheFP:
thefp.com/p/introducing-…
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