Reported 5 months ago
The yen's recent strong rally has pushed the currency higher, posing a risk to one of this year's significant macro short trades as investors believe the Federal Reserve will cut interest rates in September. The yen's surge is attributed to expectations of higher rates in Japan, critical comments by Donald Trump, and concerns raised by a Japanese politician. While some analysts see the yen stabilizing in the medium term due to undervaluation and economic fundamentals, others remain cautious about its long-term trend.
Source: YAHOO