Big Currency Flop of 2023 Is Top Pick for Year Ahead, Again
- This time may be different for yen as BOJ mulls policy shift
- Interest rates are tipped to rise in Japan and fall in the US
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Three straight years of outsized declines in the yen look set to end in 2024.
That’s the view of market participants polled by Bloomberg, who on balance see the currency rallying next year as the Bank of Japan exits the world’s last negative interest rate regime and its global peers cut borrowing costs.