Dollar-Yen a Crowded Trade, But Can Move Higher: Citi

The video discusses the impact of US yields on the dollar-yen exchange rate, highlighting the correlation between them. It examines the current monetary policy paths of Japan and the US, noting the differences in rhetoric from Japanese authorities. The potential for foreign exchange intervention is considered, with historical context provided on past interventions.

What is the current sentiment regarding initiating fresh longs in the dollar-yen trade?

How did past interventions by Japan and the US influence the yen's value?