Institution: If Oil Prices Remain Elevated, Yen Expected to Fall to 165 Level

robot
Abstract generation in progress

Alpha Binwani Capital states that if energy prices continue to rise and the Bank of Japan does not raise interest rates, the yen will remain weak. The company’s founder, a seasoned expert with thirty years of market experience, Alpha Binwani, said: “Currently, the yen will fall to 160 unless the Bank of Japan raises interest rates, which cannot stop this weakness.” “If oil prices do not fall back in the next three months, the yen will drop to 165.” Binwani stated that verbal interventions cannot boost the yen, especially when hedge funds are shorting the yen based on oil price trends; “As long as oil stays above $100 per barrel, energy inflation and import inflation will occur, which undoubtedly means rate hikes — you have no other choice.”

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin