RBC: Low Fed rates boost yen
Adam Cole, global head of foreign exchange strategy specialising in G-10 at RBC Capital Markets in London, said: "Three months ago, like many forecasters, we expected the euro to continue to weaken. What set us aside was that we expected the euro’s losses to be even greater on key crosses – euroyen and euroswiss in particular – than against the US dollar."
Cole based his view on the premise that there will not be a sustained weakening in the yen until there is a material rise in US short-term
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