---
title: "Why News Headlines Move Precious Metals Prices | Monex"
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# What Japan’s Currency Intervention Really Means for Precious Metals

Sean Brazney and Jeffrey Christian · August 10, 2026

[Watch Video](https://player.vimeo.com/video/1217102391)

## Video Transcript

**Jeffrey Christian:** So, I think there’s any number of factors there that all come together, and you say,” It’s not good for the economy, that’s good for gold and silver investors. It’s not going to work, that’s good for gold and silver investors. It’s not going to help US government relations with its major allies and trading partners, that’s good for gold and silver.” So, it’s indicative of the storm that we’ve been watching approach, really over the last 40 years or so, but it’s gotten much worse in the last eight or ten or twelve years. It’s a sign of what’s coming.

**Introduction:** Anchors in a Shifting World: The strategic Case for Precious Metals with Monex and CPM Group.

**Sean Brazney:** When I think about our report that you’re the author of, your team is the author of, is *Anchors in a Shifting World: The Strategic Case for Precious Metals*, and I think strategic. It’s really one of the joys I have with getting together with you every month… is let’s be strategic, on purpose. Why we are thinking about buying or selling precious metals and this information I think is really helpful. You think about the last few months it really has been a quiet, maybe a consolidation phase, maybe a basing phase, but very sideways kind of time in the precious metals market. The summer doldrums, I think you and I talked about it on one of our videos recently. I think what’s going to be the spark that gets us moving again. Then on Friday, Thursday… Friday last week, I start to see that the yen, the Japanese yen, they’re starting to intervene in the currency market and that the US is going to join that fight to intervene in the Japanese yen. The first thing I thought is this could be the spark for gold. This could be a really good event that puts a base or support into gold. I’m wondering what some of the facts are that you think that this could be positive for the precious metals.

**Jeffrey Christian:** I think it is positive for the precious metals, because for a couple reasons. One is, I think it’s indicative of problems. We all know, we have this enormous litany of economic and financial and government problems and the massive amount of deficit spending and a massive amount of debt. The Japanese economy has been on its back for 40 years now, 30, 40 years. So, I think it’s indicative of things getting worse, even though it’s quiet. This is the thing in the old-time movies where you got to worry when a drum stops. We’ve had the drum stopped in June. We’ve had two months now of quiet and you got to worry about what’s going on. This is indicative of tightening in the global liquidity and a worsening of sovereign debt. This is Japan. Japan’s a very sophisticated economy. So, I think it’s indicative of that and that’s bad, and that’s bad for the world and good for gold and silver prices and investors, but then it’s also it’s an archaic way of dealing with these problems. Japan needs structural changes in its economy and its financial markets. This isn’t that. This is a band-aid and it’s an archaic band-aid. We had in the 70’s, when we first floated the dollar and gold, and in the 80’s you had central banks spending billions of dollars, hundreds of billions of dollars defending their currencies. They realized by 1985 that didn’t work. They kind of got away from that and said, “Well, what does work?” And here we are. The US Treasury is buying the yen using euros. This is something that we knew 35, 40 years ago didn’t work well, and they’re resorting to it. You know It’s going to fail. This is a temporary bandage on a currency that is suffering from major structural issues. Then you’ve got the fact that the US Treasury isn’t using dollars to defend the yen. It’s using euros, and it doesn’t have that many euros. So, we can’t do that much with euros, but that kind of like doesn’t help the US government’s relationship with Europe, which is already on life support. It certainly doesn’t solve the problem of defending the yen, because we don’t have enough euros. So, we’re going to have to use US dollars and stuff.

So, I think there’s any number of factors there that all come together, and you say,” It’s not good for the economy, that’s good for gold and silver investors. It’s not going to work, that’s good for gold and silver investors. It’s not going to help US government relations with its major allies and trading partners, that’s good for gold and silver.” So, it’s indicative of the storm that we’ve been watching approach, really over the last 40 years or so, but it’s gotten much worse in the last eight or ten or twelve years. It’s a sign of what’s coming.

**Sean Brazney:** Well again, when you say, “What’s coming,” it reminds me to tell our viewers and our listeners to prepare. Call Monex. Get Your Free Report. Our brand-new July report is out. So, call Monex, talk to an account representative, and get your free report today. Thanks for being with us today, Jeffrey.