The Japanese are really getting bothered by weakness in the yen. But where is it coming from, and what might be done about it? Officials in Tokyo are threatening to intervene again, but a review of past interventions shows not just the folly of any attempt, better yet some useful clues about what's really happening here. It isn't Japan.Eurodollar University's Money & Macro AnalysisBloomberg Japan Amps Up Intervention Threat as Yen Hits Lowest Since 1990https://www.bloomberg.com/news/articles/2024-03-27/yen-drops-to-lowest-since-1990-amid-intervention-speculationNYT Sept 1992 Agility Counts in Currency Chaoshttps://www.nytimes.com/1992/09/17/business/market-place-agility-counts-in-currency-chaos.htmlJapan Ministry of Finance Foreign Exchange Operationshttps://www.mof.go.jp/english/policy/international_policy/reference/feio/quarter/index.htmlhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU