• A stronger Yen still seems inevitable over time – SocGen

Market news

24 August 2023

A stronger Yen still seems inevitable over time – SocGen

Kit Juckes, Chief Global FX Strategist at Société Générale, analyzes the FX picture.

AUD and NZD are vulnerable as yields fall and China struggles

AUD and NZD are vulnerable as yields fall and China struggles, JPY will likely stay in the current range for a while longer (but a stronger Yen still seems inevitable over time) and it may still be too soon for a Wile E Coyote moment in Sterling. 

Maybe slowly buying more NOK and SEK will be the best course of action, given superattractive levels and the possibility they’ll be much stronger by this time next year. 

 

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