Ex-FX Chief: Japan Can Intervene Any Time After Rate Check

The transcript discusses the yen's decline and the potential for market intervention. It covers the impact of Fed and BOJ meetings on the yen, the importance of volatility over specific yen levels, and the possibility of US coordination in interventions. The speaker emphasizes that intervention is justified by excessive volatility rather than specific exchange rate levels.

What was the main reason for considering market intervention in the yen's decline?

• A decrease in yen value

• A stable exchange rate

• Volatility in the exchange rate

• A sudden increase in yen value

What factor is more important than the yen's specific level when considering intervention?

• The interest rates

• The movement of volatility

• The time of year

• The level of the yen

How might the US react to a yen intervention?

• They would support it unconditionally

• They might oppose it

• They would ignore it

• They would immediately coordinate with Japan

What past event is referenced when discussing potential coordination with the US?

• The 2020 pandemic response

• The 2015 market crash

• The 1998 intervention

• The 2008 financial crisis

What preparatory action has already been taken for a potential intervention?

• A public announcement

• A rate check

• A change in interest rates

• A meeting with the US