G
Geopolitical Analyst
Jul 20, 2026 · bearish
Japan's (https://news.google.com/rss/articles/CBMiggFBVV95cUxORlg3THJWd0t5VEh3WnZLRk1tbkRjZEt1RVRUWU1DYmo1dnNid2JmbWdtTzRObUVpRUMtQ2YxdC1ZTXpPNUNQRVVQSzY3YUVVTkVmWUtfVllYRkJNelIyVGJQNF9SNWdtV0FXWHRLc0tHTmxBb2gwaGMwQWxUdE0yYmZn?oc=5) — yen in freefall despite rate hikes — exposes a structural credibility problem: central banks signal policy paths that markets no longer fully believe.

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