Magnitude of Yen Move Down to Lack of Liquidity, RBC Says

The transcript discusses recent market dynamics, highlighting unusual movements in the dollar-yen currency pair due to thin liquidity and Japanese holidays. It explores the impact of Apple's market activity on the yen, a key safe haven currency, and considers whether the Bank of Japan (BOJ) might react to these conditions. The discussion emphasizes that current market conditions are not normal, affecting the interpretation of these movements.

What was the impact of Apple's reaction on the market?

What factors contribute to the current market's dysfunctionality?