macro.buzz Sign in
WN

Weston Nakamura

This week · 0 voices
i

About this page

Voice · person

This week · 0 of the 74 voices we track · 0 mentions

Oct 8 → Oct 15, 05:30 ET

Earlier: September 2026 · August 2026 · July 2026

Not enough conversation in this window to summarise.

On the record

last 90 days · 29 positions

Their calls

✓ 3✗ 2 5 settled

✓✓✗✓✗

  • ✗ Missed US dollar / Japanese yen at or above 170.00 by Sep 30 · USDJPY “If a joint US-Japan intervention only moves the yen less than 1% and officials stop there, USDJPY heads to 170 by end of September.” — their words, paraphrased · said Sep 2 · settled Sep 30 the post ↗ It didn't: US dollar / Japanese yen 157.56 on Sep 30.
    The chart
    US dollar / Japanese yen: the call160170Aug 15Sep 15deadlinethe call · Sep 2 · up — If a joint US-Japan intervention only moves the yen less than 1% and officials stop there, USDJPY heads to 170 by end of September.
  • ✓ Called it Fed funds target range, upper bound higher by Sep 30 · Federal Reserve System “The Fed is expected to hike 25bp at its September meeting.” — their words, paraphrased · said Sep 16 · settled Sep 17 the post ↗ It did: Fed funds target range, upper bound 4.00% on Sep 17.
    The chart
    Fed funds target range, upper bound: the call3.80%3.90%4%Sep 1Sep 15 · Sep 16 · up — The Fed is expected to hike 25bp at its September meeting.
  • ✗ Missed US dollar / Japanese yen at or above 200.00 · USDJPY “USDJPY is on a self-reinforcing path higher, with 200+ paired with $200 crude.” — their words, paraphrased · said Mar 13 · settled Sep 11 the post ↗ It didn't: US dollar / Japanese yen 153.57 on Sep 11.
    The chart
    US dollar / Japanese yen: the call160180200Mar 1Jun 1Sep 1the call · Mar 13 · up — USDJPY is on a self-reinforcing path higher, with 200+ paired with $200 crude.
  • ✓ Called it US dollar / Japanese yen at or below 160.00 · USDJPY “Nakamura expects the MOF's intervention to push USDJPY meaningfully back below 160.” — their words, paraphrased · said Jul 30 · settled Jul 31 the post ↗ It did: US dollar / Japanese yen 157.42 on Jul 31.
    The chart
    US dollar / Japanese yen: the call158160162164Jul 1Jul 15Aug 1the call · Jul 30 · down — Nakamura expects the MOF's intervention to push USDJPY meaningfully back below 160.
  • ✓ Called it US dollar / Japanese yen at or above 160.00 · USDJPY “USDJPY is back at the 160 doorstep and would break out to new multi-decade highs without US market meddling.” — their words, paraphrased · said Mar 18 · settled Mar 27 the post ↗ It did: US dollar / Japanese yen 160.29 on Mar 27.
    The chart
    US dollar / Japanese yen: the call152.50155157.50160Mar 1Mar 15Apr 1the call · Mar 18 · up — USDJPY is back at the 160 doorstep and would break out to new multi-decade highs without US market meddling.

Read from their words, checked against market data, approved by a person. Misses show like hits.

Bank of Japan -0.5 · 8USDJPY 0.0 · 6JPY -0.8 · 6Ministry of Finance of Japan -0.5 · 4FX -1.5 · 2Federal Reserve System +1.0 · 1US yields -1.0 · 1G7 -2.0 · 1

Latest positions

  • WNWeston NakamuraStrongly bearish on JPY Nakamura expects the yen to fall asymmetrically in the current setup, with BOJ hikes doing nothing to support it. “JPY asymmetrically↓ in current setup” Open the post 🇯🇵BOJ +25bps → 1.25% As per Bessent’s (oops so… · 17 Sept
  • WNWeston NakamuraAgainst on Bank of Japan Nakamura argues BOJ rate hikes are useless for the yen and questions Ueda's ability to deliver a 1.75-2% terminal rate. “so unconditionally useless is BOJ for JPY that Gov Ueda’s press confs now rely on a MOF yen-put to follow” Open the post 🇯🇵BOJ +25bps → 1.25% As per Bessent’s (oops so… · 17 Sept
  • WNWeston NakamuraFor on Ministry of Finance of Japan Nakamura expects the MOF to intervene again around the Silver Week holiday if needed. “Silver Week holiday next week - expect yentevention then if/as necessary” Open the post 🇯🇵BOJ +25bps → 1.25% As per Bessent’s (oops so… · 17 Sept
  • WNWeston NakamuraHawkish on Bank of Japan Nakamura notes the BOJ hiked 25bp to 1.25% and that Ueda must keep a 1.75-2% terminal rate by July 2027. “BOJ +25bps → 1.25%” Open the post 🇯🇵BOJ +25bps → 1.25% As per Bessent’s (oops so… · 17 Sept
  • WNWeston NakamuraStrongly bearish on JPY The yen keeps making new multi-decade lows and the Fed-BOJ policy spread no longer supports it, so weakness persists. “JPY continues making new multi decade lows” Open the post 🇺🇸FOMC +25bp & 🇯🇵BOJ +25bp 👆both expected … · 16 Sept
  • WNWeston NakamuraHawkish on Federal Reserve System The Fed is expected to hike 25bp at its September meeting. Open the post 🇺🇸FOMC +25bp & 🇯🇵BOJ +25bp 👆both expected … · 16 Sept
  • WNWeston NakamuraHawkish on Bank of Japan The BOJ is expected to hike 25bp at its September meeting. “🇯🇵BOJ +25bp 👆both expected” Open the post 🇺🇸FOMC +25bp & 🇯🇵BOJ +25bp 👆both expected … · 16 Sept
  • WNWeston NakamuraRisk rising on FX With the Fed hike offsetting the BOJ hike, pressure builds on Ueda and intervention risk in FX rises. “🇺🇸+25bp negates 🇯🇵+25bp = even more pressure on Ueda” Open the post 🇺🇸FOMC +25bp & 🇯🇵BOJ +25bp 👆both expected … · 16 Sept
  • WNWeston NakamuraBullish on JPY Nakamura expects the yen to keep strengthening, which would in turn pull US yields lower. Open the post Aug after 🇺🇸🇯🇵 “joint coordination”USDJPY & … · 7 Sept
  • WNWeston NakamuraBearish on US yields He sees a possible pause in the otherwise automatic rise in US yields, with a drop if yen strength persists. “may be an actual pause on otherwise auto-↑ yields” Open the post Aug after 🇺🇸🇯🇵 “joint coordination”USDJPY & … · 7 Sept
  • WNWeston NakamuraStrongly bearish on USDJPY Nakamura expects USDJPY to fall swiftly to 152 after breaking 155 support. Open the post Heads up - USDJPY breaks < 155 support (finally)… · 7 Sept
  • WNWeston NakamuraFor on Ministry of Finance of Japan Nakamura argues the MOF should aggressively sell USD now while momentum is on its side. “if MOF were “smart” they would carpet bomb living daylights out of USD right now WITH momentum” Open the post Heads up - USDJPY breaks < 155 support (finally)… · 7 Sept

Mentions

0 this week
Wed 7Thu 15

Stories it travels in

i

The stories

  • ○ a voice, on the left
  • ◌ a voice raising half of these
  • ● a subject, on the right, under its story
  • ⌒ a line is a voice raising a subject — thicker, more items; colour is the story

The stories this entity travels in: on the right, each story with the subjects seen alongside it; on the left, the voices that raised them, and a line for every subject a voice raised, bundled by story. Tap a voice to light everything it raises, a subject for who raised it, a story for its own lines. The crumb goes back.

Who brings it up

Nobody in this window.

See what your own voices say about Weston Nakamura, every morning.

Start a desk