Yen recovers to 152 range against dollar in Asian trading

speculate the Japanese government and the BOJ stepped into the market to buy the yen for the dollar.

manipulate the markets all you want.

it's not gonna work.

It will be back to ¥160 to the dollar in a heartbeat.

Those days when Japan thought they could control everything are long gone.

All the money wasted by the government. Agree it’s probably even going to go higher than 160 now seeing investors and other countries see the intervention.

Thanks for the discount -- must call Prestia and buy some more dollars now.

Why all the negativity?

Why all the negativity?

They think it's OK for speculative traders to trash the yen, but when the government pushes back they cry foul.

It’s ok

The yen will soon be weakening again.

i just took a cycle ride around my area and noticed another abandoned house can be added to the several around.

Nevermind that a corner patch of ‘mud’ is on sale for 90,000,000 yen!

One of the neighbors scratched his car whilst parking it and can’t afford to get it fixed.

The Japanese seesaw is well out of kilter …

Enjoy the 5 yen discount through Goldenweek.

The weakening yen is just a reflection of the difference of the fiscal policy between the US and Japan, a reflection of the fundamentals. Naturally, the Japanese yen will weaken again sometime later even after these interventions.

Come to think of it, interventions should be considered illegal as it a market manipulation. When an individual or institution manipulates a currency, they are criminalized but not BOJ nor any government. So they are above the law. Sounds unfair. What do you think?

So now 150 +/- is an acceptable number but it wasn't a year ago!?

200 is the perfect one and that's were it will eventually be at, weak yen is good for Japan always has and always will be.

@Fourice

The system is rigged by a few.

Greed takes ahold of the manipulators and empires crumble.

History is full of examples.