Yen Recovery Supported by Homeward Investment Shift – MUFG
MUFG analyst Derek Halpenny notes the Japanese Yen remains near cyclical lows, but flows from the GPIF and Japan Trusts are already shifting back home, which could support a recovery.
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MUFG's Derek Halpenny highlights that the Japanese Yen (JPY) is still trading near cyclical lows but sees potential for recovery. According to Halpenny, data from the Government Pension Investment Fund (GPIF) and Japan Trusts already indicates a shift in investment flows back toward Japan. This homeward movement could provide support for the yen in the near term.
The analyst's comments suggest that despite current weakness, structural factors may begin to strengthen the currency. No specific targets or timelines were provided.
Source: FXStreet Forex News