Yen hits four-decade low as markets watch new Fed Chair Warsh's rate stance

The Japanese yen has fallen to a four-decade low, dominating currency market attention. The next major trigger for the selloff may be whether new Federal Reserve Chair Kevin Warsh maintains a hawkish tone at the Sintra policymakers' forum. Win Thin, Chief Economist at Bank of Nassau, argues that current circumstances do not call for rate hikes.