YEN INTERVENTION SEEMS TO BE FAILING AGAIN

USD/JPY is back above 158, almost 300 pips above this week’s bottom. This is despite the BOJ spending $80 billion and the US buying yen for the first time in 28 years. Will the Keynesian fraudsters at the BoJ be the first central bank to lose control of the debt market? They won’t be the last. 122 million Japanese might want to think about ditching their Yen for the shiny.