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Barclays: After the yen rebounds, it is expected to regain its safe-haven properties

Barclays said the recent sharp rise in the yen showed that the currency was once again moving in sync with yield spreads, and that the yen would be boosted by its safe-haven status if global growth fears caused equities to fall. "The yen's rapid appreciation has been accompanied by a return to correlation with yields and equity prices," said Shinichiro Kadota, head of Japan FX and rates strategy at Barclays.

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2024-08-08 15:43:05
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