Spot Dollar/Yen, Yen rate, and cross-currency basis have behaved well as of late, and we expect this to continue. The Nikkei Average has reversed course and rallied reflecting an improvement in risk sentiment. Separately Prime Minister Fumio Kishida has reshuffled his Cabinet early.
In today’s episode, MUFG Chief Japan Strategist Takahiro Sekido reviews Japanese investor activity in foreign markets as reflected in Japanese Ministry of Finance data. He also shares his views on spot Dollar/Yen, Yen rate, and Yen basis.
Disclaimer: www.mufgresearch.com (PDF)
Version: 20241125