Be Very, Very Afraid of the Yen: Albert Edwards

The video discusses key developments in the FX markets, focusing on the ECB's asset purchase strategy, the decline of the yen, and its potential global repercussions. It also covers the Australian dollar's significant drop and Morgan Stanley's forecast for its future value, highlighting the impact of slowing Chinese imports.

What is the main concern analysts have about the ECB's current asset purchase strategy?

• The ECB is buying too many assets.

• The asset pool is too small to impact the economy.

• The ECB's strategy is too aggressive.

• The ECB is focusing on the wrong assets.

What potential consequence did analysts at SoC Gen warn about regarding the yen's decline?

• It might cause other countries to devalue their currencies.

• It could lead to a global recession.

• It will strengthen the euro.

• It will increase inflation in Japan.

Which country is mentioned as potentially devaluing its currency in response to the yen's decline?

• Brazil

• Russia

• China

• India

By how much has the Australian dollar fallen in the past three months?

• 12%

• 7%

• 5%

• 10%

What is one reason for the reduced demand for the Australian dollar?

• Higher inflation rates

• Increased exports to China

• Rising interest rates

• Slowing imports from China