Here's your summary from Markets in 2 Minutes: Yen Intervention Is About Pace, Not Soon (https://www.youtube.com/watch?v=tV5f6rZ_hE4) on the Bloomberg Television channel:

**TLDR:** Yen intervention by the Bank of Japan is focused on the pace of depreciation rather than a specific level, with expectations for intervention around the 164 level.

1. The upcoming Producer Price Index (PC) data is crucial for the markets, with expectations for a strong print on Thursday and potential impact on bond yields.

2. Speculation on yen intervention is high, with focus on the pace of depreciation rather than a set level, suggesting intervention may not be imminent.

3. Debate in the United States may impact election positioning, with expectations for the dollar to weaken if Trump underperforms, but the real election action is still a few months away.

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