Rate changes by the Bank of Japan
Kit Juckes, Global Head of FX Strategy at Societe Generale, comments the recent rate changes made by the Bank of Japan in an article published by Bloomberg.com.
“Keeping the yen here is a Sisyphean task. It’s easier to see Japanese policy as an attempt at dissuading the yen from getting stronger than it is to driving the world’s cheapest currency to ever cheaper levels.The yen is unlikely to weaken past 124 per dollar in the next six months.''
Kit Juckes, Global Head of FX Strategy at Societe Generale
To read the full article, please visit: www.bloomberg.com