Analysts at CIBC, explained that the japanese economy has not unsuccessful to this point throughout 2019 and is one issue why investors ar holding long JPY positions.
Key Quotes:
“Japan’s economy remains slow and plodding, however no a lot of thus than had been expected at the beginningof the year. In fact, Japanese growth expectations are slightly upgraded since January first, not like the customarilygiant downgrades seen for others. whereas that hasn’t LED to a pick-up in inflation, it might still see investors turning into a bit a lot of positive on the japanese economy and connected assets as growth elsewhere eases.”
“Even if international uncertainties fade a bit, investors might still hold JPY long positions which might support the currency."
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