QE come-back and regional forces drive JPY

Posted on July 13th, 2018

The rise in USD/JPY is surprising many, breaking away from US yields and perceptions that JPY should act as a safe haven in times of global market uncertainty.  However, the USD/JPY 10-year yield advantage is around a high since 2007 and consistent with a weaker JPY in a broad sense.  JPY assets have been behaving […]