Bloomberg (July 20)
2022/ 07/ 22 by jd in Global News
There seems to be a split “forming between a growing number of bearish yen watchers in Tokyo and their more positive foreign counterparts.” With the yen at a 24-year nadir, “strategists are debating whether one of the year’s hottest macro trades—sell the yen—is overdone.” In Japan, many think “there’s still plenty of time to pile on shorts,” but overseas “analysts from Sydney to Geneva… say time is nearly up on the trade as the yen slips further toward the key psychological level of 140 per dollar.”
Tags: 140 per dollar, Analysts, Bearish, Foreign, Japan, Macro trades, Nadir, Overdone, Overseas, Shorts, Split, Strategists, Tokyo, Yen
