(Bloomberg) -- The yen will drop 2 percent against
the dollar through the end of September as investors use the
Japanese currency for funding carry trades, said Standard
Chartered Plc.
Traders have borrowed in yen from Japanese banks, where
interest rates are the lowest in the industrialized world, and
bought higher-yielding assets, pushing the currency to a 4 1/2
year low this month. Standard Chartered disagrees with Deutsche
Bank, UBS AG and Citigroup Inc., the world's three biggest
currency traders, who forecast a rising yen.
Read more at Bloomberg Currencies News
the dollar through the end of September as investors use the
Japanese currency for funding carry trades, said Standard
Chartered Plc.
Traders have borrowed in yen from Japanese banks, where
interest rates are the lowest in the industrialized world, and
bought higher-yielding assets, pushing the currency to a 4 1/2
year low this month. Standard Chartered disagrees with Deutsche
Bank, UBS AG and Citigroup Inc., the world's three biggest
currency traders, who forecast a rising yen.
Read more at Bloomberg Currencies News
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