Morgan Stanley: More Room for Yen/US Dollar Strength

On February 8th, according to the data from Jin10, Morgan Stanley strategists stated that with the market digesting the convergence of US and Japanese policy interest rates and the uncertainty related to tariffs, the yen, which has outperformed in G-10 currencies in February, has more pump potential. The yen has risen 2.4% against the US dollar this month; 'Ultimately, the sooner tariffs are implemented, the greater the downside potential for USD/JPY,' strategists Koichi Sugisaki and David Adams said in a report on February 7th. They stated, 'The market is increasingly reflecting the risk of a slowdown in rise.'

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)