Many posts about when JPY will strengthen, vast majority of replies mention carry-trade but the US has had decreases in rates with a very high probability of 2 more cuts this calendar year which is only 3 months.
The ¥ hasn’t budged.
My take was that it was part carry-trade, but fundamentally the yen was over-valued at ¥105-108. Thoughts? I don’t see it ever going below 118, maybe 138 if we are lucky in the next 5 years. Obviously just a guess.
by Both_Analyst_4734