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Super Brief: Japan Spent $35 Billion in One Day and the Yen Kept Falling — Super Brief
Published 1 month, 3 weeks ago
Description
Japan Spent $35 Billion in One Day and the Yen Kept Falling. Japan dropped ¥5.48 trillion on FX intervention in a single session, the largest ever, and the yen is already drifting back toward 158. Robin Brooks's verdict: interventions "signal denial, not strength." Japan tried this in 2022, spending $70 billion across multiple sessions. The yen erased all of