
👺 💹😵 JAPAN’S YEN MOVE & XRP Japan spent a record ¥15.4T (~$98.7B) supporting the yen, while its foreign reserves fell $79.6B in August. Foreign securities - held mostly in U.S. Treasuries - led the decline. Meanwhile the yen carry trade is under pressure as the yen strengthens. Cross-border yen borrowing, ONE proxy for its scale, reached a record ¥360T (~$2.34T). But there is NO evidence of a full-scale unwind yet. The XRP connection needs to stay factual: Japan isn’t suddenly “switching to XRP.” SBI has spent years building Ripple/XRP-related infrastructure in Japan. The macro stress is real. The XRP infrastructure is real. Connecting the two as if Japan has chosen XRP as an escape route is NOT yet a fact. Facts > hype. $XRP
