Yen Swings Being Supercharged by Summer Holidays, Data Shows
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 26 2024
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Source: Bloomberg
Yen Volatility Increase: The yen is experiencing heightened volatility due to reduced liquidity during the summer and uncertainty surrounding the Bank of Japan's upcoming policy decisions, leading to wider bid-ask spreads for dollar-yen exchange rates.
Market Reactions: Recent unwinding of yen short positions has surprised markets, suggesting potential for further price fluctuations in the dollar-yen currency pair.
Analyst Views on JPY
Wall Street analysts forecast JPY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JPY 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: 33.345
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Current: 33.345
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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.
