BOJ is intervening in the FX market for first time since 1998, selling US treasuries and buying yen, and China is reducing their holdings of UST to protect against risk of sanctions…

Fed is doing QT… and US budget deficit is $1 trillion… how high do US rates need to go to find buyers with CPI 8.3%…?

China US Treasury Holdings Fall 9% In 2022: Is Beijing Getting Wary Of Possible Western Sanctions

https://www.msn.com/en-us/money/markets/china-us-treasury-holdings-fall-9-in-2022-is-beijing-getting-wary-of-possible-western-sanctions/ar-AA127uLJ?ocid=EMMX&cvid=fd7afa39f8ea4cc7b483d1fac616574e

Japan intervenes in FX market to stem yen falls after BOJ keeps super-low rates

https://www.foxbusiness.com/markets/japan-intervenes-fx-market-stem-yen-falls-after-boj-keeps-low-rates

Myanmar eyes Chinese yuan, Russian rouble to

replace US dollar that’s being used ‘to bully smaller nations’

https://www.scmp.com/news/asia/southeast-asia/article/3193229/myanmar-eyes-chinese-yuan-russian-rouble-replace-us-dollar