Here's your summary from Biden Defiant Amid Gaffes, Yen Whipsaws on BOJ Rate Check | Bloomberg: The Asia Trade 7/12/24 (https://www.youtube.com/watch?v=qFjTlj61W9o) on the Bloomberg Television channel:
### TLDR:
President Biden faces questions about his mental acuity and competency during a press conference at the NATO Summit, while the Japanese yen experiences volatility following a rate check by the Bank of Japan.
### Key Points:
1. President Biden downplays concerns about his age and mental acuity, stating he will remain in the race despite questions about his ability to take on Donald Trump.
2. The Japanese yen experiences volatility after a rate check by the Bank of Japan on financial institutions, leading to speculation about potential foreign exchange intervention.
3. NATO Summit focuses on tough messages to Vladimir Putin and Xi Jinping, with emphasis on defense issues, assistance to Ukraine, and challenges of new technology.
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