scorecardresearchTraders Bet Worst Is Over for Yen as Growth Risks Boost Havens

Traders Bet Worst Is Over for Yen as Growth Risks Boost Havens

Updated: 04 Jul 2022, 08:15 AM IST
TL;DR.
Evidence is building that the worst of the yen’s rout may be over amid concerns about a global recession and lingering speculation over a Bank of Japan policy shift.
A Japanese 10,000 yen banknote on a checkout counter at an Akidai YK supermarket in Tokyo, Japan, on Monday, June 27, 2022. Japan's key inflation gauge stayed above the Bank of Japan's target level of 2%, a result that will likely keep speculation alive over possible policy adjustments at the central bank. Photographer: Kiyoshi Ota/Bloomberg

A Japanese 10,000 yen banknote on a checkout counter at an Akidai YK supermarket in Tokyo, Japan, on Monday, June 27, 2022. Japan's key inflation gauge stayed above the Bank of Japan's target level of 2%, a result that will likely keep speculation alive over possible policy adjustments at the central bank. Photographer: Kiyoshi Ota/Bloomberg