Top Yen Forecaster Sees Currency Sliding to Lowest Since 1986

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Top Yen Forecaster Sees Currency Sliding to Lowest Since 1986
RBC Capital MarketsAlvin Tan
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(Bloomberg) -- The yen may weaken to 165 per dollar despite potential efforts from Japan to halt its decline, according to the currency’s top forecaster.Most...

-- The yen may weaken to 165 per dollar despite potential efforts from Japan to halt its decline, according to the currency’s top forecaster.The Ozempic Effect: How a Weight Loss Wonder Drug Gobbled Up an Entire Economy

Bearish wagers helped pummel the yen to a new 34-year low during a manic week of trading, with speculation rife that Japanese authorities have been galvanized to step in twice to fend off attacks on the currency. That’s morphed the yen from one of the “most boring” currencies in the world into one of the hottest to speculate upon, as near zero interest rates become a killjoy for investors seeking assets with higher yields.

OTTAWA -The Bank of Canada is getting closer to being able to start cutting interest rates from their current 23-year highs, Governor Tiff Macklem said on Wednesday. In testimony to the Senate banking committee, Macklem said inflation was coming down and Canadians wanted to know when the central bank would start cutting interest rates. Canada's annual inflation rate was 2.9% in March, a little higher than the previous month.

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