Short The Dollar, Back The Yen: Analyst Offers Strategy As 'Breadth Of Tariffs Increase Recession Risks'
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
JPMorgan's Currency Strategy: Meera Chandan of JPMorgan is bearish on the U.S. dollar due to increasing recession risks from tariffs and believes the Japanese yen offers a better defensive investment, particularly against the euro and Swiss franc.
Investment Recommendations: Chandan suggests retail investors consider ETFs like Invesco CurrencyShares Japanese Yen Trust (FXY) for exposure to yen strength and ProShares Short U.S. Dollar ETF (DOG) for broader bearish bets on the dollar amidst stagflation pressures.
Analyst Views on FXE
Wall Street analysts forecast FXE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FXE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 108.440
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
