"This is a Pen" & Dollar/Yen

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"This is a Pen" & Dollar/Yen
'the japan times': THURSDAY, JULY 23, 2026

For ALL the apocalyptic pronouncements regarding the trajectory of the YEN & attendant Disaster Scenarios idly attached as Bait on the Click- Hooks beneath the Digital Party Boats trying to catch anything on a whim....some SANITY please?

Question 1: Why are all North Asian Currencies exhibiting similar CCY symptoms? Question 2: Why are Indonesia & India similarly so YET disparate from Japan's woes? Question 3: If Japan's Fiscal Challenges are SO insurmountable....JGBs held by the BoJ. Question 4: Remember 2007 MBS Offerings with the Senior | Mezzanine | First Loss?

THEN: Upon further investigation & perhaps reflection....The Challenge is to analyse holistically Sovereign Gross & Net Debt Profiles. Is Japan 'poor?' Best one check their Total Balance Sheet or better still; visit Tokyo- Yokohama & Osaka- Kyoto.

Better STILL: Looking under the hood of the Anglo Colonial (Ex: USA as Debt dynamics are different from the Non- Reserve CCY Financial Settings) Consumers that populate said "First Loss" Tranche of Debt that matters!

Senior Debt: The Sovereign | Mezzanine: Regional & Semi- Govt. | 1st Loss: You.

Chart: statranker.org

Through the Looking Glass intersection of Economic Complexity + Current Account Balance + Net Indebtedness >>> Alice to Alex- "Leveraged Economies for $1,000 pls"

The Anglo Mortgage Ponzi Schemes of Sheer Folly Valuations Falters or ENDS (it is?) & then What Exactly? Who you gonna Call? Check 2008/09 Currency Charts & Low & Behold.....?

USD/JPY MONTHLY CHART: 2001 - Present.

Then: "This is a Pen" >>> "NO, THIS is the YEN" >>> Patience amid the Hype!