Yen Stays Near Four-Month High After Bank of Japan Policy Shift

The transcript discusses the unexpected market impact caused by Governor Crowder, which surprised many and affected global markets. It explores the implications of the BG's move towards normalization, with divided opinions among investors. Some see it as a step towards policy normalization, while others remain cautious. The discussion also covers the impact on the FX landscape, particularly focusing on the yen and its implications for other currencies in Asia.

What implications does the text suggest the yen has on other currencies?

What should traders be cautious about in the context of the dollar-yen trading?