Yen Rally Prompts An Unwind Of Hedges In Japanese Stocks But Investors Wary Of Earnings Hit
Posted on AllSides September 9th, 2024
From The Left
The yen ’s rebound has spurred a roll-back of exchange rate hedges by global investors who are no longer anticipating a rapid slide in the Japanese currency.
Expectations that the yen may strengthen further have prompted strategists at JPMorgan Chase & Co. to UBS Group AG and BNP Paribas Asset Management to recommend unwinding currency hedges on Japanese shares that have outperformed many regional peers, as that would boost returns in dollar terms.
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