HUGE: 🇯🇵Japan just spent $96.5 BILLION defending the yen.
That is the largest currency intervention in Japan's history, carried out over just one month.
Meanwhile:
- ¥12.1T: Japan's record July import bill
- 2,311: food products raising prices in August
- 4,531: more price hikes scheduled for September
A weaker yen makes imported goods more expensive.
Japan is now fighting currency weakness as higher import costs feed through to consumers.
$CHILLGUY $LAB $TRUMP
That is the largest currency intervention in Japan's history, carried out over just one month.
Meanwhile:
- ¥12.1T: Japan's record July import bill
- 2,311: food products raising prices in August
- 4,531: more price hikes scheduled for September
A weaker yen makes imported goods more expensive.
Japan is now fighting currency weakness as higher import costs feed through to consumers.
$CHILLGUY $LAB $TRUMP
