(Bloomberg) Japanese authorities would probably target a five-yen rally against the dollar if they decide to intervene in foreign exchange markets, according to strategists at some of the country’s biggest brokerages.Most Read from BloombergTrump’s Net Worth Drops $1 Billion as Social Media Firm SinksErdogan Suffers Historic Loss in Turkey Municipal ElectionsCaribbean Golden Passport Cost Soars to $200,000 on EU CrackdownCrash or Soar? Traders Are Preparing for Stock Market ExtremesTesla Has
(Bloomberg) The yen is confounding expectations for a rally this year as Japanese appetite for global equities deepens a slump driven by higher US Treasury yields.Most Read from BloombergThe Brutal Reality of Plunging Office Values Is HereDip Buyers Wade Back In to Fuel Wall Street Gains: Markets WrapIsrael Pulls Out of Peace Talks Over ‘Delusional’ Hamas DemandsLyft’s CEO Says ‘My Bad’ on Margin Error, ‘It Was One Zero’Musk Says Putin Can’t Lose in Ukraine, Opposes Senate BillAnalysts at Jap
The picture outside Japan also looks clearer than it did 12 months ago. Whereas traders last year were talking about US interest rates likely peaking in 2023, projections this month from Federal Reserve policymakers point to 75 basis points of cuts in 2024.
Big Currency Flop of 2023 Is Top Pick for Year Ahead, Again bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.