It’s unusual to see Japan and Argentina grouped together in the same economic story (as highlighted in the WSJ excerpt below). Yet,

Both countries have benefited from significant US foreign exchange market backing. In both cases, currency intervention was accompanied by strong words of support from President Trump and Treasury Secretary Bessent. Having said that, the similarities end there. Japan’s economic and financial fundamentals are vastly different (stronger) from Argentina’s. (I also susp — via @elerianm

Currency intervention in Japan and Argentina backed by US forex support drove alert.