Analysts at CIBC, explained that the japanese economy has not discomfited thus far throughout 2019 and is one issue why investors area unit holding long JPY positions.
Key Quotes:
“Japan’s economy remains slow and plodding, however no a lot of therefore than had been expected at the beginning of the year. In fact, Japanese growth expectations are slightly upgraded since January first, not like the usually massive downgrades seen for others. whereas that hasn’t semiconductor diode to a pick-up in inflation, it may still see investors changing into a bit a lot of positive on the japanese economy and connected assets as growth elsewhere eases.”
“Even if world uncertainties fade a bit, investors may still hold JPY long positions which might support the currency."
0 comments:
Post a Comment