You won’t Believe What the Japanese Central Bank Just Did

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The Japanese government, working through the Bank of Japan, just set $35 billion on fire. Then flushed it down the toilet. And if that wasn’t enough, officials in Tokyo are talking about embarrassing themselves in the oil market. Wasting five and half trillion yen in FX wasn’t enough, throw some more money down the hole and all for the public spectacle of it. What a world we live in. Unfortunately for them, and for their counterparts in India, this is the eurodollar’s world.

Eurodollar University’s Money & Macro Analysis

Phone Warning Shows Yen Intervention Is the New Normal
https://www.bloomberg.com/opinion/articles/2026-05-01/katayama-phone-warning-shows-yen-intervention-is-the-new-normal

Yen’s Correlation With Oil Hit 2021 High Before Intervention
https://www.bloomberg.com/news/articles/2026-05-01/yen-s-correlation-with-oil-hit-2021-high-before-intervention

Japan Is Said to Sound Out Market on Oil Futures Intervention
https://www.bloomberg.com/news/articles/2026-03-24/japan-is-said-to-sound-out-market-on-oil-futures-intervention

RBI’s Short Dollar Book Surges Past $100 Billion for First Time
https://www.bloomberg.com/news/articles/2026-04-30/rbi-s-short-dollar-book-surges-past-100-billion-for-first-time

https://www.eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU

39 Comments

  1. "That it is everywhere and always only theft that is the only thing printing money can do. So, any economy that has a central bank, which is every economy, has … an anti-capitalistic institution of theft integrated into its core, and that is the source of so much of the psychological, financial, and moral malaise I think we see in the world." — Robert Breedlove

    "Inflation is legal counterfeiting. Counterfeiting is criminal inflation. The only thing you can do with printing money is violate the property of others. You cannot issue any equitable benefit to an economic system whatsoever, it's not possible." — Robert Breedlove

  2. Sorry to bother you about this, but I really miss George gammon, is he ever coming back????

  3. Intervention goes cray cray
    The race to the bottom goes on and on as Rewarding Failure…🎉 MAGA Utopia 💲💲💲DOW💸 50K💲💲💲

  4. Wait until Japanese dumps treasury and make dollar into a toilet paper. And for your information India has the cheapest oil cheaper. than the US, they're selling a gallon less than $4 throughout the India at this time. At the same time UAE already has withdrawal itself from OPEC, YOU PROBABLY DID NOT GET THE MEMO, you will see the result which is death to the dollar is coming Don't get too excited.

  5. Tossed money in the dumpster? They spent dollars to buy yen, correct? I don't see how dumpster is the right metaphorre.

  6. Did they spend $35B or did they swap USD for equivalent JPY on the market to make sure maket price was affected? Not saying the JPy wont just continue its weakness until there is financial incentive for institutions to repatriate offshore assets but the 35 billion is only denominated in a different currency.

  7. Is this going to be a once every 2 – 3 months video about Japan and India failed intervention? Like we get it. It's a good and relevant point, but it's becoming so repetitive now.

  8. It really is flushing money down the toilet when your currency is falling to sell your US dollars to buy Yen—then when the Yen is high you buy US dollars back.

    There is something really wrong with what you are saying. Europe is using their currency to buy oil at higher prices just like Japan. So currencies are working to buy higher price oil. The US has to put more dollars out there. Money is moving out of bonds and into cash and these countries that are selling are NOT buying more bonds. The fed is buying the bonds. The treasury is paying the fed interest. This is pretty sick. There should be US dollars coming back to the US but these dollars are not buying bonds. So Europe is losing Euros to the Middle East and US as the dollars are coming back to the US.
    So the euro, swiss franc and pound should be in the toilet but because the dollars are expanding–do they drop or get a pass? If they did wouldn't they sell US bonds?
    So it just seems the fed has so many new bonds to buy. Trump has created a foreign bonds selling mess.

  9. 仰る通りでございます!
    いつもありがとうございます!
    日本は石油をドルで購入している。石油価格は上昇しているために、より多くのドルを支払わなければならない。つまり、日本はこれまで以上に円売りドル買いが増えるのであるから、石油価格上昇分だけ円安になる。
    為替は金利や投機で動くのではなくて、当たり前のファンダメンタルズで動いているので、これから160円以上の円安になるのは当然の事である。
    政府が行ってる小手先の為替介入も石油先物売りも無意味なのであります。供給量が減れば石油価格上昇は避けられないモノで、イランと米国の戦争が終わった時には、ドル買い円売りによる日本の石油購入が再開されて、本格的な円安になるのは必定。
    今の石油価格は日本やインドなど各国政府などの先物売りに依るものなので、実需に依る買付けがストップしてる状態。
    戦争が終われば消費需要が再開するので上昇する。
    ドル円も石油購入量激減による円売りドル買いが控えられてる状態で、供給が再開し、円売りドル買いに依る石油購入が活発になれば更なる円安になるのが道理。
    戦争が終わるのがいつになるかは分からないし、その戦争が長引けば日本も世界もどうなるか分からない世界的危機になりますね。
    そうなればどうなるか、是非このチャンネルで予測して頂きたい!
    それは怖い事だけど…。

  10. i love ur videos cause i be watching Asia's and the us economy while understanding understand we can manipulate ours to a extent, but when i look back at Asia's i be like " this aint making any sense whats going on??" then you explain it perfectly. I digest it as Global powers will do their best to try and down play the problem, and do quick fixes to buy more time until time runs out…

  11. As a retired expat living in Japan, I’m loving the current situation. I can take the entire extended family out for a sushi dinner and drinks (6 of us) for less than $100! Let the good times roll! 🎉🎉🎉

  12. Just a bit of feedback, you didn't explicitly say what the bank did. You said they lit on fire the money, but what does that mean? Because they didn't literally do that, so what is it they did?

  13. Mr. Toothy Negative at it again… Ohhhh, scary times.. Meanwhile, markets at all time highs.. lol Don't take financial advice from this wannabe

  14. History is repeating itself. Germany and Japan have fully rearmed and re-industrialized post WWII. China is now
    keeping a close eye on Japan's fascists' desire for nukes…it is coming!