Japan’s government conducted three (unconfirmed) major currency interventions in less than a week. Already JPY is falling almost like they never happened. It’s the dollar that’s the matter because what’s the matter isn’t just Japan and like a lot of things energy is the key. As the Japanese understand all too well, energy means dollars.
Eurodollar University’s Money & Macro Analysis
Bloomberg BOJ’s Ueda Ramps Up Yen Warnings While Traders Keep Selling
https://www.bloomberg.com/news/articles/2024-05-08/boj-s-ueda-tweaks-weak-yen-remarks-in-possible-hint-of-rate-hike
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
