The yen, the world's third-largest currency, is in trouble. It's obvious that Japan is intervening to support the yen: this week, for the first time in 34 years, 1 US dollar exchanged for 160 yen. The Bank of Japan reported on Tuesday that its current account balance would decrease by 7.56 trillion yen, approximately 482 billion US dollars. This is clearly due to intervention measures for the yen, with the last occurrence being in 2022 and 2011.
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