Morning Meeting: Payrolls' Impact on FX

The video discusses the trends and risks associated with the US dollar, yen, and other major currencies. It covers the impact of recent events like Jackson Hole and Fisher comments on the dollar, the upcoming BOJ policy review, and the Fed's perspective on exchange rates and inflation. The discussion also delves into factors affecting productivity growth, including the financial crisis, technological progress, and investment trends. Finally, it addresses the volatility in FX markets, particularly for the euro and yen, and anticipates changes in the coming months.

What was a significant factor that drove the dollar's performance recently?

• The ISMA report

• The NFP report

• The Jackson Hole comments

• The BOJ policy review

What could cause the dollar-yen to rally further?

• A weaker ISMA report

• A review of the BOJ policy framework

• A big miss on NFP

• An upside surprise in economic data

What is a potential reason for the slowdown in productivity growth?

• Demographic changes

• Increased technological progress

• A strong recovery cycle

• A slowdown in capital investment

What is one factor that might not immediately show benefits in output?

• Increased manufacturing

• Stronger dollar

• Higher inflation

• Network externalities

What is the current state of currency volatility according to the discussion?

• Volatility is declining rapidly

• Volatility is low and cheap

• Volatility is high and expensive

• Volatility is stable and predictable