In it to win it – the unquenchable search for yield by Japanese retailers
Euromoney Limited, Registered in England & Wales, Company number 15236090
4 Bouverie Street, London, EC4Y 8AX
Copyright © Euromoney Limited 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Foreign Exchange

In it to win it – the unquenchable search for yield by Japanese retailers

Even as the yen strengthens against the dollar to levels not seen for a couple of years, Japanese retail punters continue to sell it. According to Lee Hardman, a currency economist at the Bank of Tokyo-Mitsubishi UFJ in London, this poses “a considerable risk of capitulation if retail investors suffer further losses.” Hardman argues that the case for putting on the carry trade is weak and that several key cross levels are fast approaching. It will be interesting to watch.

Gift this article