Japan Intervenes to Support Yen, BOJ Manages Volatility

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.