Brad Setser

American economist

  1. 160 is an insanely weak yen on any Big Mac index. It pushes the yen below, in inflation-adjusted terms, where it was in the 1970s. We're back to the 1960s. These are extreme undervaluations in my view.
    Brad Setser · Odd Lots · Brad Setser on the US's Unusual Japanese Yen Intervention · 2026-08-06
  2. just always remember Japan is selling dollars at bought between $80 and $100 depending on when they bought them at somewhere around $160. This, at the worst you can say, this operation, it reduces gross debt in a really big way.
    Brad Setser · Odd Lots · Brad Setser on the US's Unusual Japanese Yen Intervention · 2026-08-06
  3. You know, when you're shorting the yen and to go long the dollar, you're going long US fiscal.
    Brad Setser · Odd Lots · Brad Setser on the US's Unusual Japanese Yen Intervention · 2026-08-06