Yen Set for Seventh Weekly Drop

The video discusses the significant decline of the yen, which has dropped over 10% against the dollar in four months. This has led to speculation about potential interventions by Japanese officials. Analysts suggest that any intervention might fail without US support. Market predictions vary, with some expecting the yen to fall further, possibly reaching 150 against the dollar. The video highlights the uncertainty in the market and the potential for the yen to stabilize at 130 against the dollar.

What has been the response of Japanese officials to the yen's decline?

• They have ignored it.

• They have made verbal interventions.

• They have increased interest rates.

• They have sold foreign reserves.

What does the Commonwealth Bank of Australia believe about the potential intervention?

• It will definitely succeed.

• It will likely fail without US support.

• It will not happen at all.

• It will be delayed until next year.

According to the transcript, when might Japanese authorities intervene?

• This month

• They have already intervened

• In six months

• Next year

What is the predicted new normal for the yen against the dollar?

• 120

• 150

• 130

• 140

What is the sentiment among traders regarding the yen?

• Ignore the yen market.

• Hold the yen and wait.

• Sell the yen versus everything else.

• Buy the yen against everything else.