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Yen's Slump Faces Make-or-Break Moment After US Inflation Data.
In: Bloomberg.com, 2024-04-08, S. N.PAG
Online
serialPeriodical
Zugriff:
The yen is currently at a critical turning point and near a 34-year low, but Japanese authorities are expected to wait for US inflation data before taking action to support the currency. If the US inflation reading is higher than expected, the Bank of Japan may delay intervention until the dollar buying has subsided. If intervention is deemed necessary, it may require more than the $60 billion spent in 2022. The probability of a joint intervention with the US is low, and a soft US CPI reading could provide some relief. The yen bears are vulnerable to potential shocks in the opposite direction due to their stretched positioning. [Extracted from the article]
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Yen's Slump Faces Make-or-Break Moment After US Inflation Data.
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Autor/in / Beteiligte Person: | Lei, George |
Zeitschrift: | Bloomberg.com, 2024-04-08, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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