The Weekly FX Navigator (15 June 2021): An oversold JPY

15/06/2021 3 min
The Weekly FX Navigator (15 June 2021): An oversold JPY

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Episode Synopsis

The JPY has been an underperformer within G10 FX amid solid reflationary forces and the market returning to using JPY as a funding currency. We list several catalysts that could lead to a JPY rebound against the USD over the coming months. These include supportive capital inflows into Japan and elevated short JPY positioning.Speaker:DJ Cheong, Investment Strategist, Standard Chartered Bank