Yen Rebounds on Intervention Signs

The video discusses potential interventions in the currency market, focusing on the yen. It explains how the BFG conducted a rate check, signaling possible intervention. Japanese officials have verbally intervened, expressing concern over the yen's rapid losses. This has led to a boost in the yen's value. The DOJ has set a threshold of 145 yen per dollar, indicating limited tolerance for further yen weakness and warning against exceeding this limit.

What action did the BFG take in the currency market?

• They conducted a rate check by contacting banks.

• They issued new currency notes.

• They bought dollars to strengthen the yen.

• They sold yen to increase its value.

What was the purpose of the verbal intervention by Japanese officials?

• To express concern over the yen's rapid losses.

• To celebrate the yen's strength.

• To introduce a new currency.

• To announce a new fiscal policy.

How did the yen's value change after the intervention?

• It remained the same.

• It strengthened, moving from nearly 145 to under 143 per dollar.

• It was pegged to the dollar.

• It weakened further.

What is the 'line in the sand' set by the DOJ for the yen?

• 135 yen per dollar.

• 145 yen per dollar.

• 140 yen per dollar.

• 150 yen per dollar.

What warning did Japanese officials give regarding yen weakness?

• They will not tolerate much more yen weakness.

• They will increase interest rates.

• They will introduce new currency notes.

• They will decrease interest rates.