Currencies
Amundi Says Yen Will Strengthen to 140 as Historic Weakness Ends
- Fed rate cuts to present opportunity to start buying yen: Arie
- Hedge funds turn bullish on yen for the first time since 2021
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Amundi SA expects the yen to rally to levels last seen in July 2023 as its historic weakness comes to an end.
Japan’s currency may reach 140 yen per dollar over the next 12 months as the gap between yields in Japan and US narrows, said Shinichiro Arie, chief investment officer at the Japan unit of the largest European asset manager. “We don’t see a weaker yen from here going forward,” he said.