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Nice column by my colleague @Moss_Eco on why Japan shows that the mantra of “intervention never works” is wrong https://t.co/GlkInbli1e
Also, another thing very clear from this chart is how the #BOJ isn't just "managing" the $JPY, but is clearly "managing" its volatility effectively trying to keep the elephant in the china vases shop quiet 🤭 @frankoz95967943 https://t.co/UlyBQxoot7
Japan backed its currency at key points, writes @Moss_Eco. Turns out governments still matter, even when battling the biggest markets https://t.co/NTSYqE76TM via @opinion
Japan has actively intervened in the foreign exchange market to support the yen at critical points, according to a column by @Moss_Eco. This intervention demonstrates that government actions can still significantly influence currency markets, even when facing the largest market forces. The Bank of Japan (BOJ) has been particularly effective in managing the volatility of the yen, challenging the notion that market intervention is ineffective. The column emphasizes that the mantra 'intervention never works' is wrong.
