Arthur Hayes, Chief Investment Officer at Maelstrom Fund, explored in an essay published Tuesday how a potential intervention by U.S. authorities to support the Japanese yen could boost risk assets like Bitcoin (CRYPTO: BTC).

Intervention In US Interest?

In the essay titled “Woomph,” Hayes argued that the Treasury Department, in coordination with the Federal Reserve, could sell dollars and buy yen, solving “many financial problems” for the Trump administration.

“This will strengthen the yen against the dollar, which will help U.S. export competitiveness,” Hayes said.

He added that this would push Japanese Government Bond yields lower, discouraging private Japanese investors from…

Read more on Benzinga