The murky moves behind the yen

This podcast episode explores the decline in Apple's revenue due to slower sales in China and the intervention by Japanese authorities to support the yen. It discusses the potential reasons behind these occurrences and emphasizes the need for surprise in intervention strategies. The episode also discusses the recent events in Japan's foreign exchange market, including allegations of collusion by the former CEO of Pioneer with OPEC to drive up oil prices. It further delves into the delicate balance between household welfare and the economy, with a focus on the yen's fluctuations and inflationary pressures. The section concludes by outlining the measures taken by the EU to diversify its gas supplies and reduce reliance on Russia, as well as the challenges faced and the focus on renewable energy and improving grids.