How long can Japan defend the Yen from a speculative attack?
Japan spent $30 billion in foreign exchange funds selling dollars to halt a plunge. How long can this go on? Yen vs the US dollar chart courtesy of St
Source: fxstreet.com
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Japan spent $30 billion in foreign exchange funds selling dollars to halt a plunge. How long can this go on? Yen vs the US dollar chart courtesy of St
Since the beginning of 2021, the yen has declined about 32 percent vs the US dollar. I discussed this setup on October 20 in Yen Tops ¥150 vs. the Dollar for