Pondering Out Loud re: Reserve Currency Fiesta in Africa and Asia adds to the De-dollarization a Technical and Fundamental POV Pt 2

I previously had given an a Technical Analysis on the USD/JPY pair when the price was $144/145 back on Aug 24.

and you can read that post here.
https://steemit.com/brics/@jaimebetamax/72mmvn-pondering-out-loud-re-reserve-currency-fiesta-this-week-in-africa-adds-to-the-de-dollarization-a-technical-and-fundamental-pov

I had speculated based on the Fundamentals that the price was showing a reversal was possible due to the absolute dumping of US treasuries which has initiated the YEN carry trade to unwind. The post also went on to give in a Technical Analysis that there was more room for the dollar to move up a bit more as it had not yet hit the high of $152, yet it has risen as seen on the chart since to $148, which confirms our previous call.

The bank of Japan has been active with intervening in these markets to try to stabilize this carry trade over the last few months and they have signaled as of this transmission their intent to continue this practice. The problem would lay in that not only is Japan no longer buying US Treasuries, but neither is the rest of the world.

The problem is that for the last half a century at least foreign bond buying of US Treasuries has allowed the US to print ad nauseum. There would have to be a new bond buying mechanism put in place in order to keep things going.

Thankfully, the States are ready and able to take on the burdens of the Federal Programs which will be cut to ribbons in order to get the books in order so to speak. The Dept. of Treasury will sure have their hands full with this one over the next few months.