Cole: U.S. Dollar Not Strong or Weak, but Range Bound

The transcript discusses currency trends, focusing on the dollar, yen, and euro. It highlights the rangebound nature of the dollar, the potential depreciation of Asian currencies, and the challenges of yen intervention. The euro's position is analyzed in terms of capital flows and market expectations. Overall, the discussion emphasizes the complexity of predicting long-term currency trends and the influence of broader economic factors.

What is the significance of capital flows in the context of currency trends?

What challenges do Japanese authorities face regarding yen intervention?