The yen fell to close to 165 yen due to widening interest rate differences between Japan and the US - UBP strategist
The yen fell to close to 165 yen due to widening interest rate differences between Japan and the US - UBP strategist2024 7/5 22:07 JST
Union Bankier Privé (UBP) global chief strategist Norman Villamin expressed the view that the yen will soften further and there is a high possibility that 1 dollar will approach 165 yen. The reason is the widening interest rate difference between Japan and the US.
Bilamin said in an interview that “the risk is leaning towards increasing” the depreciation of the yen.
He pointed out that considering the large interest rate difference with the US, it makes sense to use yen as a funding currency.
Union Bankier Privé (UBP) global chief strategist Norman Villamin expressed the view that the yen will soften further and there is a high possibility that 1 dollar will approach 165 yen. The reason is the widening interest rate difference between Japan and the US.
Bilamin said in an interview that “the risk is leaning towards increasing” the depreciation of the yen.
He pointed out that considering the large interest rate difference with the US, it makes sense to use yen as a funding currency.
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