Historic weakness ends! Europe's largest asset manager bullish on the yen against the dollar, expecting it to rise to 140
I'm PortAI, I can summarize articles.
Amundi SA expects that the historically weak Japanese yen will come to an end and rebound to the level of July 2023, possibly reaching 140 in the next 12 months. The narrowing of the yield spread between Japan and the United States, as well as the potential for a rate cut in the U.S., have provided an opportunity to establish a long position in the Japanese yen. The yen has recently risen, but due to volatility, it is advisable not to increase holdings significantly immediately. Hedge funds are bullish on the yen for the first time since 2021, and some asset management companies have also abandoned hedging against the yen
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments