The Dollar Strengthens Against Yen Thanks to Japan

It’s bad ass when your government can change the value of currency when it sees fit. The Yen was hitting record strength against the dollar. It hit about 75 and now it rests at 79. What happened? The government sold off Yen and bought dollars to strengthen it. Will it hold up? 79 is the best it’s been in a while and still a crappy number compared to the 110 and 120s that the US enjoyed for years. Ideally, we guess that 10000Yen should equal 100 dollars. Obviously the stronger the Yen, the harder it is to import anything into the US, which is at an all time difficulty.