Fundamentals Working Against Yen Intervention: Foley

The video discusses the weakening of the yen and the recent intervention by authorities. It examines the history of currency interventions, noting that they are only effective when fundamentals align. The current economic fundamentals, including the Bank of Japan's loose monetary policy and the Federal Reserve's hawkish stance, suggest that the yen will continue to weaken. The intervention aims to moderate the yen's movement rather than reverse it.

What factors are influencing the current state of the yen according to the text?

Discuss the historical context of currency intervention as mentioned in the text.

How does the Bank of Japan's monetary policy affect the value of the yen?

What was the purpose of the recent intervention mentioned in the text?

What are the opposing policy courses of the Bank of Japan and the Federal Reserve?