Foreign exchange strategists at Citibank - the world's largest dealer of foreign exchange - are forecasting a stronger Yen over the coming months.
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A strong start to the week for the Pound-to-Yen exchange rate is being tipped to lead to further gains in the short-term, according to new technical analysis.
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The Pound was trounced by the safe-haven Yen on Friday, with Sterling ceding to the Japanese unit the most ground of all majors, but the looming election and souring risk appetite could see it sell…
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The combination of higher yields overseas and improving global risk sentiment is a negative combination for the Yen.
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There's potential weakness ahead for the Japanese Yen, at least if a forecast for the country's economy to enter recession in 2020 are born out.
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