I live in Japan and five years ago my drinking buddy at the time only had USD and was about to get on the shinkansen. He needed Yen ASAP. So he said, "dude I'll trade you a 100USD for 10000YEN." At the time it was an easy fifteen bucks or something profit after exchange, so I said, sure, here ya go.

I put it in a drawer and forgot about it until a few weeks ago. I'm going to the moon with this, ladies and gentlemen

The BoJ has to raise rates. Dumping dollars to buy Yen is spitting in the wind.

In 1985, USDJPY was around 250:1, why 160:1 is now a problem?

With almost all of its industries no longer in a leading position, with its car industry being demolished by EVs, 250:1 is what it is heading.

Unless Japan raises interest rates or tightens fiscal spending, no amount of intervention will work as long as the structural problems remain.