Japan Spends $60B in Yen Intervention; Parallels to 2007

Japan conducted a massive $60B yen intervention, with the US joining. The article draws parallels to 2007 yen strength preceding US market peaks. This is a major macro signal that challenges the narrative of a 'friendly gesture' and raises questions about hidden concerns. Yen moves often foreshadow equity stress. The intervention adds to global central bank divergence and macro uncertainty.