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SoftBank Group plans a 4.5 trillion yen ($41.9 billion) asset sale, including its T-Mobile shares, raising fears of renewed yen volatility. The sale would unwind part of Japan's large US investment position.
A large repatriation of Japanese capital could strengthen the yen and weaken the dollar. Feed buyers would see only an indirect effect through currency-driven import costs.
asia.nikkei.comKOJI OKUDA, Nikkei staff writerJun 17, 2020Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
