Resolving Japan's Impossible Trinity
Category: Macro & Portfolio Strategy
Published:
USD/JPY near 162.5 in July 2026 — the weakest yen in four decades — despite three BoJ rate hikes and record ¥11.73 trillion ($73.6 billion) of MoF intervention in a single month. Inside the four-decade record of yen defense, the war-chest math, and a four-part strategy for avoiding a disorderly break.
Read the full Icarus Asia research note at https://icarusasia.com/research/japan-impossible-trinity.
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By Icarus Asia — independent strategic advisory and market research on Asian markets.