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T. Rowe Price Says Yen Is at Risk of Falling 10% Against Dollar

From bnnbloomberg.ca

The Japanese yen will continue its drop and could slide another 10% to levels not seen since the 1980s because of the Bank of Japan’s reluctance to raise interest rates significantly, according to Quentin Fitzsimmons, a global fixed-income portfolio manager for T. Rowe Price Group Inc. “It’s not in the interest of the Japanese to have a significantly stronger currency at this point,” he said in an interview. “Even when they raise interest rates, they probably won’t want to raise it too far because then there’ll be debt-sustainability concerns.” The yen has weakened to levels last seen in 1990, leaving Japanese ... (full story)

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  • Category: Fundamental Analysis