BUZZ-Yen may attract after doing surprisingly well in October

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* Trump tariff threats likely to support safer assets including yen * Trade-weighted yen proved surprisingly resilient in October * In Oct yen surrendered roughly 2.5% of the 8% it gained Jul-Sep * In contrast USD/JPY rocketed over 8% from 142.96-153.87 * Traders are gambling yen drops - fewer invested safer an asset may be * Donald Trump by far most important factor to influence FX urn:newsml:reuters.com:*:nL2N3MX09R * <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Trade weighted yen https://tmsnrt.rs/3Z7Lqdn ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Jeremy Boulton is a Reuters market analyst. The views expressed are his own) (([email protected]))
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Published Date
26 Nov 2024 at 4:38 PM
Publisher
Refinitiv
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