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Dongfang HuiLi: With the end of the Arbitrage trading era, the yen is expected to rise to 140
Jinshi data news on September 7th, Dongfang HuiLi's chief strategist believes that as the Arbitrage trading using the yen continues to be lifted, there is room for the yen to expand its gains. Monica Defend, head of Dongfang HuiLi Investment Research Institute, said that the interest rate hike by the Central Bank of Japan in July and the change in monetary policy it symbolized completely changed the situation of the yen. "We believe that the fair value of the yen was, and now is, 140."