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Strategists at J.P. Morgan, Citigroup and MUFG expect the yen to strengthen past 100 per dollar within months, and say policymakers have little ability to stop it.
Japan's currency touched 102.88 per dollar this month, down from near 110 in June, as the dollar weakened broadly.
A stronger yen squeezes export-reliant Japanese firms and is a currency-level driver rather than a direct feed price driver; for feed buyers it is a minor macro input to Japanese import demand and dollar-denominated commodity pricing.
backup.arabnews.jpDec 22, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
