Japan Is Now Threatening MAJOR Intervention Against The Dollar
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Show Notes
The Japanese are really getting bothered by weakness in the yen. But where is it coming from, and what might be done about it? Officials in Tokyo are threatening to intervene again, but a review of past interventions shows not just the folly of any attempt, better yet some useful clues about what's really happening here. It isn't Japan.
Eurodollar University's Money & Macro Analysis
Bloomberg Japan Amps Up Intervention Threat as Yen Hits Lowest Since 1990
https://www.bloomberg.com/news/articles/2024-03-27/yen-drops-to-lowest-since-1990-amid-intervention-speculation
NYT Sept 1992 Agility Counts in Currency Chaos
https://www.nytimes.com/1992/09/17/business/market-place-agility-counts-in-currency-chaos.html
Japan Ministry of Finance Foreign Exchange Operations
https://www.mof.go.jp/english/policy/international_policy/reference/feio/quarter/index.html
https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU