Ex-FX Chief: Japan Can Intervene Any Time After Rate Check

The transcript discusses the yen's decline and the potential for market intervention. It covers the impact of Fed and BOJ meetings on the yen, the importance of volatility over specific yen levels, and the possibility of US coordination in interventions. The speaker emphasizes that intervention is justified by excessive volatility rather than specific exchange rate levels.

What potential US reaction does the speaker anticipate if there is an intervention?

What historical context does the speaker reference regarding US coordination during interventions?