{"id":39051,"date":"2026-08-12T10:54:57","date_gmt":"2026-08-12T10:54:57","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=39051"},"modified":"2026-08-12T06:55:48","modified_gmt":"2026-08-12T10:55:48","slug":"larry-lepard-larry-chiang-and-roberto-rios-on-yentervention","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/larry-lepard-larry-chiang-and-roberto-rios-on-yentervention\/","title":{"rendered":"Larry Lepard, Larry Chiang and Roberto Rios on Yentervention"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"ltr\">\n<div style=\"display: block\" class=\"\">\n<div style=\"display: inline-block\" class=\"apple-rich-link\" role=\"link\" data-url=\"https:\/\/x.com\/peruvian_bull\/status\/2086876834806022445?s=43\"><a style=\"border-radius:10px;font-family:-apple-system, Helvetica, Arial, sans-serif;display:block;width:300px;overflow:hidden;text-decoration:none\" class=\"lp-rich-link\" rel=\"nofollow\" href=\"https:\/\/x.com\/peruvian_bull\/status\/2086876834806022445?s=43\" dir=\"ltr\" role=\"button\"><\/p>\n<table style=\"border-collapse:collapse;width:300px;background-color:#EBF7FF;font-family:-apple-system, Helvetica, Arial, sans-serif\" class=\"lp-rich-link-emailBaseTable\" cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"300\">\n<tbody>\n<tr>\n<td>\n<div style=\"margin:10px 16px 0px 16px;color:#000000;font-weight:300;text-align:left;width:268px;font-size:11pt;overflow:hidden\" class=\"lp-rich-link-quotedText\">$90B, the largest yentervention ever, and within 10 days  half of it is gone    Resistance is FUTILE, @Bank_of_Japan_e<\/div>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<table bgcolor=\"#EBF7FF\" cellpadding=\"0\" cellspacing=\"0\" width=\"300\" style=\"font-family:-apple-system, Helvetica, Arial, sans-serif\" class=\"lp-rich-link-captionBar\">\n<tbody>\n<tr>\n<td style=\"padding:6px 0px 6px 16px\" class=\"lp-rich-link-captionBar-leftIconItem\" width=\"25\"><a rel=\"nofollow\" href=\"https:\/\/x.com\/peruvian_bull\/status\/2086876834806022445?s=43\"><img loading=\"lazy\" decoding=\"async\" style=\"display:inline-block;width:25px;height:25px;border-radius:3px\" width=\"25\" height=\"25\" class=\"lp-rich-link-captionBar-leftIcon\" alt=\"szxHwfNN_200x200.jpg\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2026\/08\/szxHwfNN_200x200.jpg\"><\/a><\/td>\n<td style=\"padding:8px 0px 8px 0px\" class=\"lp-rich-link-captionBar-textStackItem\">\n<div style=\"max-width:100%;margin:0px 16px 0px 10px;overflow:hidden\" class=\"lp-rich-link-captionBar-textStack\">\n<div style=\"font-weight:500;font-size:12px;overflow:hidden;text-align:left\" class=\"lp-rich-link-captionBar-textStack-topCaption-leading\"><a rel=\"nofollow\" href=\"https:\/\/x.com\/peruvian_bull\/status\/2086876834806022445?s=43\" style=\"text-decoration: none\"><font color=\"#000000\">Roberto Rios (@peruvian_bull)  589 likes \u00b7 19 replies<\/font><\/a><\/div>\n<div style=\"font-weight:400;font-size:11px;overflow:hidden;text-align:left\" class=\"lp-rich-link-captionBar-textStack-bottomCaption-leading\"><a rel=\"nofollow\" href=\"https:\/\/x.com\/peruvian_bull\/status\/2086876834806022445?s=43\" style=\"text-decoration: none\"><font color=\"#A2A2A9\">x.com<\/font><\/a><\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/a><\/div>\n<\/div>\n<p>Intervention of the Yen<\/p><\/div>\n<div dir=\"ltr\"><img decoding=\"async\" alt=\"image0.jpeg\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2026\/08\/image0-3.jpeg\"><\/div>\n<div dir=\"ltr\">Deeply Understand Capital Knowledge 9 Yentervention\u2018s<\/div>\n<div dir=\"ltr\">8-12-2026<\/div>\n<p><br id=\"lineBreakAtBeginningOfSignature\"><\/p>\n<div dir=\"ltr\">\n<div>\n<p style=\"margin: 0px 0px 8px 24.2px;text-indent: -16.3px;font-style: normal;line-height: normal;font-family: system-ui\">\u2022&nbsp; Lawrence Lepard retweets criticism of the Bank of Japan\u2019s massive ~$90 billion yen-buying intervention (with rare US coordination), noting it temporarily lifted the currency from 164 to 155 USD\/JPY but half the gains erased within 10 days as it weakened back toward 159.<\/p>\n<p style=\"margin: 0px 0px 8px 24.2px;text-indent: -16.3px;font-style: normal;line-height: normal;font-family: system-ui\">\u2022&nbsp; The July 30-31 operation marked Japan\u2019s largest single-day intervention on record at around $53B followed by $34B, yet persistent factors like wide US-Japan interest rate gaps and carry trades quickly undermined its impact.<\/p>\n<p style=\"margin: 0px 0px 8px 24.2px;text-indent: -16.3px;font-style: normal;line-height: normal;font-family: system-ui\">\u2022&nbsp; As an Austrian economist and sound money advocate, Lepard highlights the futility of central bank efforts to defy market fundamentals through currency intervention.\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b\u200b<\/p>\n<p style=\"margin: 0px 0px 8px 24.2px;text-indent: -16.3px;font-style: normal;line-height: normal;font-family: system-ui\"><\/p>\n<\/div>\n<p><span dir=\"ltr\">http:\/\/www.youtube.com\/watch?v=ejeIz4EhoJ0<\/span><\/p>\n<div><span><br \/><\/span><\/div>\n<div><span>On 09-09-39, &#8220;What They Will NEVER Teach You at Stanford Business School&#8221; debuts at 300 w 44th St at New York Fashion Week&#8217;s front row<br \/><span dir=\"ltr\">http:\/\/www.youtube.com\/watch?v=QXIaNZi3mHQ<\/span><\/span><\/div>\n<div><span><img decoding=\"async\" alt=\"image1.jpeg\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2026\/08\/image1-2.jpeg\"><br \/>What A Super Model Can Teach a Harvard MBA About Credit&nbsp;<span dir=\"ltr\"><a href=\"http:\/\/www.slideshare.net\/larrychiang\/what-a-super-model-can-teach-a-harvard-mba-about-credit\">www.slideshare.net\/larrychiang\/what-a-super-model-can-teach-a-harvard-mba-about-credit<\/a><\/span><\/p>\n<p>American Express hosts me mentoring you about FICO scores at New York Fashion Week<br \/><span dir=\"ltr\"><a href=\"http:\/\/t.co\/inxTmZAj\">t.co\/inxTmZAj<\/a><\/span><br \/><\/span><\/div>\n<div>http:\/\/www.youtube.com\/watch?v=eudADPfTWiE<\/div>\n<div><span><br \/>My video boils down 20,000 hours and moves you to the right on the entrepreneur bell curve&nbsp;<br \/><span dir=\"ltr\">http:\/\/www.youtube.com\/watch?v=eudADPfTWiE<\/span><br \/><\/span><span style=\"font-size: 17pt\"><img decoding=\"async\" alt=\"image2.jpeg\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2026\/08\/image2-3-rotated.jpeg\"><\/span><\/div>\n<div><span><span dir=\"ltr\">Steve Jobs Texted me on 650-283-8008 in the same way that Mr Jobs called Bill Hewlett&nbsp;<\/span><a href=\"https:\/\/x.com\/superSaiyanSkai\/status\/1941392367304761636\/video\/1\">https:\/\/x.com\/superSaiyanSkai\/status\/1941392367304761636\/video\/1<\/a><\/span><\/div>\n<p><span dir=\"ltr\"><\/p>\n<div><span dir=\"ltr\"><br \/><\/span><\/div>\n<div><span dir=\"ltr\">Larry Chiang<\/span><\/div>\n<div>Fund of Founders<\/div>\n<div>Founding Stanford EIR<\/div>\n<div>@duck9 alum, Deeply Understood Capital Credit Chinese Knowledge 9<\/div>\n<div>Solo Founder Uber API<\/div>\n<div>650-566-9600 Office<\/div>\n<div>650-566-9696 Direct<\/div>\n<div>Cell: 415-720-8500&nbsp;<\/div>\n<p><\/span><\/p>\n<div><span>650-283-8008 (cell)<\/span><\/div>\n<div><span><br \/><\/span><\/div>\n<div><span>Editor of the widely syndicated &#8220;What They Don&#8217;t Teach at School&#8221;<br \/><span dir=\"ltr\"><a href=\"http:\/\/whattheydontteachyouatstanfordbusinessschool.com\/blog\">whattheydontteachyouatstanfordbusinessschool.com\/blog<\/a><\/span><\/p>\n<p>CNN Video Channel:&nbsp;<span dir=\"ltr\"><a href=\"http:\/\/ireport.cnn.com\/people\/larrychiang\">ireport.cnn.com\/people\/larrychiang<\/a><\/span><\/p>\n<p>Read my last 10 X posts at&nbsp;<span dir=\"ltr\"><a href=\"http:\/\/www.X.com\/LarryChiang\">www.X.com\/LarryChiang<\/a><\/span><\/p>\n<p>Author of #WTDTYASBS a NY Times Bestseller released 09-09-09 at #NYFW on a runway under the tents<br \/><span dir=\"ltr\"><a href=\"http:\/\/whattheydontteachyouatstanfordbusinessschool.com\/blog\/?s=Ny+times+bestseller\">whattheydontteachyouatstanfordbusinessschool.com\/blog\/?s=Ny+times+bestseller<\/a><\/span><\/p>\n<p><span dir=\"ltr\"><a href=\"http:\/\/www.fastcompany.com\/embed\/c0d4562ea2049\">www.fastcompany.com\/embed\/c0d4562ea2049<\/a><\/span><\/p>\n<p>52 Cards. Two Jokers. What They DO Teach You at Stanford Engineering<br \/><span dir=\"ltr\">http:\/\/www.youtube.com\/watch?v=vDBY0GkI3-g<\/span><\/p>\n<p>Emergency swings and cutting deals as an 9 year old<br \/><span dir=\"ltr\">http:\/\/www.youtube.com\/watch?v=OFGY7v9C4G0<\/span><\/p>\n<p>Hunter Pence shared thoughts before winning WORLD SERIES&#8217; Game #7<br \/><span dir=\"ltr\">http:\/\/www.youtube.com\/watch?v=usu0luYy9pw<\/span><\/span><\/p>\n<div><span><span dir=\"ltr\"><br \/><\/span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>$90B, the largest yentervention ever, and within 10 days half of it is gone Resistance is FUTILE, @Bank_of_Japan_e Roberto Rios (@peruvian_bull) 589 likes \u00b7 19 replies x.com Intervention of the Yen Deeply Understand Capital Knowledge 9 Yentervention\u2018s 8-12-2026 \u2022&nbsp; Lawrence Lepard retweets criticism of the Bank of Japan\u2019s massive ~$90 billion yen-buying intervention (with rare [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":39052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-39051","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/39051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=39051"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/39051\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/39052"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=39051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=39051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=39051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}