Yen on the Edge Equities at the Summit

While Japanese authorities struggle to defend the yen near the 160 USD/JPY level through verbal and capital intervention, global equities continue to reach record peaks led by AI demand.

Key Takeaways

• 1.The yen remains under significant pressure, approaching the 160 level against the dollar despite record-breaking intervention of ¥11.73 trillion by Japanese authorities.
• 2.Global equity markets, particularly in Asia and the US, are reaching record highs driven by the AI sector and strong foreign inflows.
• 3.Market expectations are high for a 25 basis point rate hike by the Bank of Japan in June to provide fundamental support for the yen.

Table of Contents

• Market Commentary

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