Yen Plummets To Historic Lows: The Futility of Central Bank Intervention – Don’s Daily Brief
The Yen finally broke above 150, meaning USD $1 is now worth more than 150 Yen.
And there’s no end in sight, as it continues to plummet below lows last seen nearly 25 years ago.
This highlights the futility of central bank intervention. While Central Bankers think they wield the ring of power over price — price always prevails.
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