Japan’s $100 Billion Yen Intervention Just Failed... Now What?

Japan's $100 billion intervention failed to support the yen as it slipped back past 160 against the dollar.

Source: DepositPhotos

Japan just spent $100 billion rescuing the yen. Not over several years. Not during some historic financial crisis. In less than one month. This wasn’t just Japan acting alone, either. But now the yen is right back down past 160 again. What does this mean...for the dollar?
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