- Yen may test 165 per dollar level this year, RBC’s Tan says
- Traders have been selling yen on interest-rate gap with US
The yen may weaken to 165 per dollar despite potential efforts from Japan to halt its decline, according to the currency’s top forecaster.
Alvin Tan, head of Asia FX strategy at RBC Capital Markets, sees risk of the yen slumping to that level, which was last seen in 1986. The currency has become a victim of Japan’s yawning interest-rate gap with the US, and even speculation of authorities intervening to support the yen has been insufficient to fully quell the bearishness.
CEO and Founder of CanAm Bullion has been dedicated to delivering exceptional value to Canadians since 2017. Driven by a mission to empower Canadians with expert investment advice and education, he has positioned CanAm Bullion as a trusted resource for those seeking to enhance their portfolios with precious metals. Under Michael’s leadership, the company has become synonymous with reliability, knowledge, and dedication, helping Canadians achieve greater financial stability and long-term success.
Share This Article
Choose Your Platform: Facebook Twitter Google Plus Linkedin