Expect a stronger yen by year-end and that could be bullish for Japanese equities: Astris Advisory
I'm LongbridgeAI, I can summarize articles.Astris Advisory's Neil Newman forecasts two BOJ rate hikes and a Fed cut by year-end, narrowing rate differentials to strengthen the yen. He argues this firmer currency will lower import costs, boost corporate profitability, and support Japanese equities and broader Asian markets.
Astris Advisory's Neil Newman expects two BOJ rate hikes and a Fed cut by year-end which he then expects to lead to a narrower rate differentials that will strengthen the yen. He argues a firmer currency will lower import costs, boost corporate profitability and support both Japanese equities and the broader Asian market.