Yen Slumps to 2023 Low as Intervention Debate Grows

The transcript discusses the potential for intervention in the dollar-yen exchange rate, particularly when it reaches certain levels like 146 or 150. It provides historical context on interventions, explaining how traders react and test the limits set by the Ministry of Finance. The discussion includes market dynamics, such as the impact of US yields, and predicts future interventions by the Bank of Japan (BOJ) as the market continues to test the Ministry's capacity to intervene.

What factors might lead to an intervention in the dollar-yen exchange rate?

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What role does the Ministry of Finance play in currency intervention?

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How do traders react to the possibility of market intervention?

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What might be the consequences of verbal intervention by the Bank of Japan?

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What is the significance of the 150 handle in the context of market intervention?

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