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JPY: Cheap but 'more and more people likely to join the short yen trade' - SocGen

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Old 12-10-2021, 14:59
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Default JPY: Cheap but 'more and more people likely to join the short yen trade' - SocGen

SocGen on the yen tradeFor bank trade ideas, Societe Generale Research sees a scope for further JPY weakness in the near-term."On the other side of the equation, USD/JPY is back to pre-plaza (1985) levels in real terms. How cheap can it get? What concerns me on that score, is the increased importance to Japan's economy

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