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Do you think the BOJ is doing the wrong thing this morning and blinking? I do. I think what they meant to do is to press the pause button instead of press to rewind button. So rather than provide the market the opportunity to exit this carry trade in an orderly fashion, theyamp;#39;ve given a signal to the market to put on more of the trade. And that ultimately is going to conflict with the domestic economic requirements. Do you think the central banks are afraid to lead in this moment, and if so, why? I think no one wants to be the Volcker moment. So what theyamp;#39;d rather do is see someone else try to do it. And if you need to reverse course, let them reverse course. I suspect that was enormous external pressure on the Bank of Japan last night. You probably went to bed too early, but Japanese stocks were indicated down hard. That was putting pressure on US futures. And next thing you know, the Bank of Japan comes out when you say enormous external pressure, what external pressur