Market Views: Will yen weakness continue to bolster Japanese equities?
The Japanese yen has depreciated sharply against the dollar, while Japanese equities hit record highs. Asset managers debate the currency’s path, BOJ’s policy action, and the outlook for Japanese stocks.
The Japanese yen plumbed multi-decade lows this week while Japanese equities scaled fresh peaks, amid concerns over the Bank of Japan's (BOJ) policy stance.
The prolonged divergence in US-Japan rates amid rate cut delays fuelled yen’s recent slide past 160 against the dollar. It traded at 161 on Thursday after sinking to a 38-year low versus the greenback and a record trough against the euro a day earlier.
Currency interventions by Japanese authorities have proved in vain so far…
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