Yen Primed for Rise Toward 100 as Fed Stimulus Saps Dollar
- U.S. monetization policies, falling yields to cap dollar: Citi
- Worsening pandemic may spur huge yen repatriation: MUFG Bank
Photographer: Akio Kon/Bloomberg
This article is for subscribers only.
The yen’s advance this week may be a sign of things to come, with strategists in Tokyo saying the currency could climb toward 100 against the dollar in the next few months.
Citigroup Global Markets Japan Inc. says the yen stands to gain as the Federal Reserve’s massive monetary stimulus weighs on the greenback. MUFG Bank Ltd. sees the risk of a worsening coronavirus pandemic forcing Japanese funds to dump overseas assets and snap up the haven currency.