Jane Foley: Yen Has Lost Its Ability to Weaken

The transcript discusses the dynamics of dollar weakness and yen strength, highlighting the yen's unusual resilience despite increased risk appetite and stock market highs. It explores historical market reactions, such as post-Brexit and Japanese elections, and their impact on currency movements. The conversation also delves into the complexities of currency intervention, particularly the challenges faced by the Bank of Japan and comparisons with the Swiss franc, emphasizing the difficulty of non-coordinated interventions.

What are the implications of the Bank of Japan's policies on the currency market?

Discuss the challenges of non-coordinated intervention in currency markets as mentioned in the text.