It’s not just that Japan’s yen is crashing, it’s what a yen crash means to everyone not only in Japan. But why? All you’ll hear from the mainstream and most “experts” is that every currency exchange rate movement including JPY must be somehow related to a central bank, especially the Fed. It’s a myth easily debunked. When doing the debunking the real truth emerges and it’s not good.
Eurodollar University’s Money & Macro Analysis
Bloomberg Yen Drops Beyond 158 Per Dollar as BOJ Keeps Key Rate Unchanged
https://www.bloomberg.com/news/articles/2024-04-26/yen-drops-to-fresh-34-year-low-as-boj-keeps-key-rate-unchanged
Trilateral Ministerial Joint Press Statement
https://home.treasury.gov/news/press-releases/jy2264
FOMC Transcript February 1998
https://www.federalreserve.gov/monetarypolicy/files/FOMC19980204meeting.pdf
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU