(Bloomberg) Haven status may outweigh rate differentials in near-term; Upcoming inflation data unlikely to stall currency’s advance
Dollar-yen is caught in a tug-of-war: on one side is the Japanese currency’s status as a global haven. On the other, a widening interest-rate differential with the U.S. While leveraged funds continue to be bullish the pair, there are signs the yen’s role as a refuge is poised to triumph.
Hedge Funds Short Yen Poised for Pain as Techs Signal Strength
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