FX Volatility Has Been Controlled, Says BMO's Gallo

The video discusses the controlled nature of FX volatility compared to other asset classes, influenced by strong global growth and increasing US twin deficits, leading to a weak dollar theme. It also covers the volatility of the yield curve and its comparison to the VIX in equity markets. The dynamics between the yen and dollar are analyzed, highlighting their roles as safe havens during market uncertainty, with a forecast for the dollar-yen exchange rate.

What does the text suggest about the relationship between the dollar and the yen?

According to the text, what is the expected movement of Dollar Yen in the next 12 months?