Post #1866957

Is the intervention effective? I think yes. And the bag of tricks is deep. However, this may be fine for short-term only. imo Yen is poised to be weaker in long-term: Japan is going through 'balance sheet' shock. On the import side it's getting hit with high energy price, on the export side it's experiencing fierce competition from China on EV, semi, heavy machinery, etc. Feels the latter one is not being noticed enough.