LONDON\/SINGAPORE\/TOKYO \u2013 Just six weeks after hitting a four-decade low against the dollar, the tide appears to be turning for the battered yen as a host of factors finally smoke out brash traders who had spent years betting against the Japanese currency.<\/p>\n
While central bank rate hikes and record currency intervention<\/a> have failed to provide lasting support for the yen, new tailwinds from capital repatriation, unwinding carry trades and U.S. political pressure<\/a> are now giving short speculators cause to rethink their long-term game.<\/p>\n \u201cThe market psychology around the yen appears to be changing,\u201d said Rong Ren Goh, a fixed income portfolio manager at Eastspring Investments. \u201cInvestors seem increasingly reluctant to aggressively short the JPY, particularly with the prospect of a BOJ rate hike in September adding another layer of risk to the trade.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"LONDON\/SINGAPORE\/TOKYO \u2013 Just six weeks after hitting a four-decade low against the dollar, the tide appears to be…\n","protected":false},"author":2,"featured_media":606405,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[20252,1577,114,7199,24531,85,46,14989,2196,23071,4374,24794],"class_list":["post-606404","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-boj","tag-bonds","tag-business","tag-currencies","tag-forex","tag-il","tag-israel","tag-japanese-economy","tag-jgb","tag-sanae-takaichi","tag-u-s","tag-yen"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/606404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=606404"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/606404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/606405"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=606404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=606404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=606404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}