Reported 4 days ago
Following remarks from Japanese Prime Minister Shigeru Ishiba indicating that the economy isn't prepared for interest rate hikes, traders are refocusing on yen carry trades. Expectations of a weaker yen have surged, with analysts predicting a potential fall to 150-155 per dollar, reigniting interest in risky investments that benefit from borrowing yen to invest in higher-yield assets. However, while the current yen decline may present short-term trading opportunities, some experts anticipate that the weakness could be transient as Japan approaches national elections on October 27.
Source: YAHOO