Yen Unlikely Underperforming Vs. Other Currencies

Dow Jones
08/14

0158 GMT - The yen is unlikely underperforming against other currencies, RBC Capital Markets' Abbas Keshvani says in an email. "Thanks to the latest intervention, the yen has not been an underperformer over the last month," the director of Asia macro strategy says. "It is still stronger against Japan's trading partners," Keshvani says. "Another way to illustrate relative performance of the yen is via the EUR/JPY cross, which is well below the 187 level where authorities intervened the last two rounds," Keshvani adds. The dollar is little changed at 159.44 yen and the euro is flat at 183.94 yen, LSEG data show.

 

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