From one currency intervention to another, yesterday the Swiss Franc, today the Japanese Yen (the BoJ finally made good their earlier broadcasted plan)
From Bloomberg
Japan intervened in the foreign- exchange market to sell yen, Finance Minister Yoshihiko Noda told reporters today in Tokyo.
The nation acted alone, and was in touch with other countries, Noda said. The Bank of Japan separately said in a statement that it will end its policy meeting today, one day early. Noda said that he hopes the central bank will take appropriate action.
All these money being printed will flow somewhere.
Bottom line: Paper money, as Voltaire said, will eventually return to its intrinsic value: ZERO
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