(Bloomberg) -- In the hours after the yen hit a 34-year low on Wednesday, Japanese officials put currency traders on notice: Keep this up and we’ll act...
-- In the hours after the yen hit a 34-year low on Wednesday, Japanese officials put currency traders on notice: Keep this up and we’ll act forcefully in the market to stem the slide.
The yen’s relentless slide is a sign that BOJ policy remains too loose to anchor the yen, especially with the Federal Reserve holding its benchmark rate at the highest in more than two decades and likely months away from a potential move to ease. “The rise in USD/JPY towards 152 has clearly rattled a few cages in Tokyo,” said Peter Kinsella, the global head of FX strategy at Union Bancaire Privee. “I expect interventions sooner rather than later.”Other market watchers are taking a more sanguine approach, saying the outright level of the yen matters less than the scale and scope of the daily moves.
At Vanguard, whose actively managed fixed income funds don’t have any active positions in the yen at the moment, intervention could actually represent a trading opportunity. North America Fmcg Logistics Market Online Grocery Shopping United North America Fmcg Logistics Market Online Grocery Shopping United Dublin, March 27, 2024 -- The "North America FMCG Logistics - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029" report has been added to ResearchAndMarkets.com's offering.The North America FMCG Logistics Market size is estimated at USD 322.97 billion in 2024, and is expected to reach USD 408.
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