Yen set to pivot on who wins US election

Quick Summary:

Harris win may strengthen yen if it leads to Fed rate cuts.

But his plans to impose new tariffs on trading partners are seen as a risk for Japanese shares.

Strategists at Credit Agricole and Mizuho Bank are predicting that the yen may slide toward 160 if Trump is the victor, near its 38-year low against the US currency marked in July.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaJapanUnited States

Topics: Boost Market Risk Dollar Tariffs Trump Stocks Harris Japanese Likely Focus

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 10:14:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 744 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23420535

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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