Reported 4 days ago
Investors are shifting their strategies by utilizing European currencies to fund their bets on the Japanese yen, as uncertainty surrounding U.S. trade policies leads to dollar volatility. Firms like Vanguard and RBC BlueBay are shorting currencies such as the euro and the pound against the yen, capitalizing on a widening interest rate differential. With the Bank of Japan expected to raise interest rates while European economies face potential cuts, the yen has shown strength, and analysts predict further depreciation of the euro against the yen.
Source: YAHOO