Bloomberg Surveillance · Monday, August 3, 2026
Jeremy Stretch expresses concern that interventions, like the one seen with Japan, raise questions about the free-floating nature of currencies and market reactions. He anticipates increasing skepticism regarding official actions and potential for additional volatility and uncertainty.
“Well, again, I was listening to your discussion earlier when you were talking about free and fair markets, and in a sense that does beg the question that intervention or the prospect of interventions certainly creates uncertainty regards the free floating nature of both currencies, also the free flow of information and the market reactions accordingly from that.”
“So I think there are degrees of concern in relation to the current environment, and I think there is going to be increasing skepticism as to whether there will be some degree of increase in official action going forward, and that could create additional pockets of volatility and or uncertainty.”