What was expected to happen to Russia is happening to Japan.
Japan is a resource poor country dependent on Russia for energy and raw material supply. US is thrashing the currencies of its allies to save its own.
What was expected to happen to Russia is happening to Japan.
Japan is a resource poor country dependent on Russia for energy and raw material supply. US is thrashing the currencies of its allies to save its own.
Disagree. This article is about how the Yen is losing to the dollar.
That’s due to the current EU gas&oil blockade.
And if you’re wondering why that would prop up the dollar, it’s because the US has made Saudi Arabia an offer it couldn’t refuse and so the Saudis are forced to sell their oil in dollars. Other countries followed suit, except for Russia nowadays which is now demanding their oil be paid in their own “such blackmail” currency.