Japan's intervention unlikely to stem yen's slide

24 years... Boj must be taking profits and can decrease unnecessary US-T investments.

If the war ends, the biggest trigger of this world-wide inflation instantaneously disappear...

Choking economy by simply raising rates against all these non-economical outside factors is simply stupid.

1 trillion $ reserves, not to mention it's not pegged. It's not like BoE vs Solos... No need to beg for FX swap to borrow $ like the neighbor

I wouldn't be surprised to see the dollar appreciate relative to the yen for another 30 yen or so, to something like 175 yen to a dollar, in the near future. Fundamentals do not indicate that the BOJ or Ministry of Finance can jawbone the yen to rise in value. Intervention without significant changes will be short lived. Conditions need to change significantly for any real moderations in the yen's fall.

What would even make the yen desirable?

I wonder what would happen, if Japan released all it's stringent controls over BitCoin, allowing it to be the vehicle of choice for currency transfers into and out from the Country, unhindered ?