I’ve stated frequently that the Japanese Yen would be the first fiat currency to fall the coming fiat system collapse.
At 152 yen per US dollar, they’re in the NO BUENO zone.
Expect the Bank of Japan (BOJ) to initiate currency rate intervention very soon by selling 40-80 billion dollars from Japan’s foreign reserves to support their yen at this level.
Also, Japan is only western alliance member in the Asian region.
China’s credit rating has been downgraded and the Japanese Yen is a key currency for China.
Many geopolitical and geoeconomic chess pieces ate currently at play.
Japanese prime minister to address USA Congress tomorrow. A rare event indeed.