The charging price for Japanese Yen should be between 1 and 100.
According to the Bank of New York Mellon, arbitrage trades using the yen as the financing currency will be further closed out, and over time the yen to US dollar exchange rate may rise to 1 USD to 100 JPY. Bob Savage, Head of Market Strategy and Insights at the Bank of New York Mellon, stated in the report that investors are still too bearish on the yen, and short positions will continue to decrease.
He believes that based on analysis, the current exchange rate of 1 USD to 147 JPY is too cheap, and over time, the fair value of the yen should be closer to 100.
He believes that based on analysis, the current exchange rate of 1 USD to 147 JPY is too cheap, and over time, the fair value of the yen should be closer to 100.
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