Japan intervenes in currency market to weaken yen

Intervention against the secular trend compares to swimming against the current. A lot of energy is expended for little gain. The swimmer tires in time and the current re-establishes direction.

This will be a good model for those that believe that governments rather than the free hand of markets control it all.

The bigger winner in Japan is gold priced in Yen.

Japan waded into the currency market Wednesday for the first time in six years, buying dollars to weaken the surging yen, which is battering famed Japanese manufacturers like Toyota and Sony after spiking to 15-year highs

Source: finance.yahoo.com