(Bloomberg) -- Jupiter Asset Management’s Mark Nash has ramped up wagers for the yen to strengthen on the view that the Bank of Japan is likely to raise...
-- Jupiter Asset Management ’s Mark Nash has ramped up wagers for the yen to strengthen on the view that the Bank of Japan is likely to raise interest rates well into 2025.“We can see now there’s too little priced into Japan and US real rates are too high,” said Nash, whose absolute return bond strategy beat nearly 90% of peers in the last five years. “That’s almost one of the perfect trades where you have both sides in your favor.
The fund manager sees scope for the yen to advance to around 130 against the dollar as the BOJ hikes rates “to 1% at some point, maybe sort of once a quarter over the next year.” Japan’s currency traded at 145.18 as of 7:25 a.m. on Wednesday morning in Tokyo. "Why wouldn't they like me?" Trump asked of suburban women across the country, calling polls showing him trailing Kamala Harris "fake.
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