BOJ Will Review Policy, Buy More ETFs

The transcript discusses the Bank of Japan's (BOJ) recent actions, focusing on their decision not to increase the overall size of their program, which has led to concerns about their ability to meet targets. The impact on the FX market and trader strategies is analyzed, highlighting the tension between the BOJ and the government regarding fiscal stimulus. The discussion also covers the market's incorrect expectations and the lessons learned from the BOJ's surprising decisions.

In what way does the speaker indicate that the Bank of Japan's recent program may be perceived as tepid?

What does the speaker suggest about the expectations of volatility in the FX market going into September?