Robert Sinche: High Hurdles to BOJ Yen Intervention

The transcript discusses the challenges faced by Japan and Switzerland in intervening in currency markets. It highlights the high threshold for intervention due to recent G20 pledges and scrutiny from the US Treasury. The impact of slowing capital flows and the importance of current account balances are examined, with a focus on Japan, Switzerland, and the eurozone. Switzerland's small economy is particularly affected by large capital flows. The potential for market intervention is considered, especially in light of the upcoming Brexit vote, which could complicate efforts.

What potential impact does the Brexit vote have on capital flows and market interventions?

In what way could a failed intervention affect future attempts at market intervention?