Swiss Economicblogs.org
Our 2018 scenario of a deceleration in US economic activity and a slightly less accommodative Bank of Japan should weigh on the dollar versus the yen.From 6 November to 28 November, the Japanese yen gained 2% against the US dollar, outperforming all G10 currencies but the euro.In our view, the key driver of the USD/JPY rate is the 10-year real rate differential, especially since the introduction of the yield-curve-control (YCC) framework by the Bank of Japan (BoJ) on 21 September 2016.In...
Read More »US likely to peak against yen in first half of 2018
