Jaypow predicts a 50bps 2YR rate cut after weak NFP data. USD/JPY yields hit 7%, get ready for trillions of dollars in MMFs to hunt for higher yields, and #defi will take some of that money in search of yield. USD/JPY (ENA) is over $1.50, USDE supply is over $20 billion, fuck you @circle, we're here to help.
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