Japan’s yen intervention strategy faces test amid US data. Gold up 145% in yen in 5 years.

Japan’s Yen Intervention Strategy Faces Test From US Data

"Kanda’s former boss at the finance ministry, Tatsuo Yamasaki, said this week that Japan is ready to step in as soon as the yen falls beyond its current range"https://t.co/KFAwYm6xAU pic.twitter.com/eYGukkLe2P

— Global Markets Investor (@GlobalMktObserv) April 5, 2024

Mr. 151.75 $JPY is warming up again…. https://t.co/nzSMHPc2H5 pic.twitter.com/JaxKOoVtVm

— JustDario 🏊‍♂️ (@DarioCpx) April 5, 2024

Gold has risen by 145% in yen in just five years.

Other toilet paper currencies are as follows (5-year period):
CAD – 75%
EUR – 81%
GBP – 75%
CHF – 58%
PLN – 81%
USD – 75% (however, gold was very high in 2011)

Gold priced in Yen pic.twitter.com/F1MHCN6TlH

— Mark Walsh (@PowellLovesMMT) April 2, 2024