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Barclays says the yen is soon set to regain its status as a preeminent haven currency

A note via Barclays saying that the yen is set to resume its status as a safe haven currency after the dominance of the USD.“yen is regaining its allure as a safe haven as the BOJ mulls an end to YCC and the global inflation and energy shock of 2022 fades" "We expect USD/JPY to decline over the coming year, towards 123 in Q1 24."Yen headwinds have included higher energy prices and a worsening rate differential ... but as energy prices fall and the global hiking cycle slows yen selling pressure s... Read More

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Barclays

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Soon

Regain

Status

Preeminent

Haven

Currency

Forex

Posted: Apr 28 2023, 02:20

Author Name: forexlive

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