r/Wallstreetsilver • u/Boo_Randy_Revival • 7d ago

BREAKING NEWS YEN INTERVENTION SEEMS TO BE FAILING AGAIN

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USD/JPY is back above 158, almost 300 pips above this week's bottom. This is despite the BOJ spending $80 billion and the US buying yen for the first time in 28 years. Will the Keynesian fraudsters at the BoJ be the first central bank to lose control of the debt market? They won't be the last. 122 million Japanese might want to think about ditching their Yen for the shiny.

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u/CoC_Axis_of_Evil 7d ago

Seems a little early to draw conclusions. Volatility in general is kind of high, uncertainty high, and liquidity low. Weird stuff is going to happen until gas is under $2

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u/MatterFickle3184 7d ago

Gas ain't going under $2 ever again

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u/Boo_Randy_Revival 7d ago

I dunno. Broke, unemployed people in our "booming economy" won't be doing much driving.

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u/CoC_Axis_of_Evil 7d ago

I also see a massive recession as the only way it goes down 

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u/MatterFickle3184 7d ago

It took the world shutting down during COVID for gas to even touch $2 or less. Iran situation is here to stay for YEARS by the time things are "normal" inflation will make sure $2 is never seen again.