Yen Intervention 'A Little Bit of Nonsense': Foley

The video discusses the impact of US yields on the yen, highlighting how the US economy's performance and yield changes influence the yen's strength. It also examines the potential intervention by Japan's Ministry of Finance in the FX market and the implications of Japan's yield curve control policy, which aims to manage interest rates but may weaken the yen. The discussion suggests that any intervention would be complex due to conflicting policy goals.

What factors are influencing the strength of the yen according to the discussion?

What concerns are raised regarding the intervention by the Ministry of Finance?

How does the US yield curve control policy affect the yen?

What are the implications of commodity prices on the Japanese economy as discussed?

What potential changes might the Bank of Japan consider in response to yen weakness?