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KELEMAHAN YEN HARUS DIBATASI DALAM JANGKA DEKAT – UBS

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Posisi short Yen Jepang (JPY) investor spekulatif mendekati rekor. USDJPY dapat mengalami kemunduran jika data AS terus menunjukkan soft landing, catat ahli strategi UBS FX.

Posisi short Yen mendekati rekornya

“Yen Jepang melonjak sebanyak 3% terhadap Dolar AS (USD) setelah angka IHK AS mendorong imbal hasil Treasury lebih rendah, dan karena pejabat Jepang tampaknya telah melakukan intervensi lagi terhadap pembelian yen.”

“Meskipun kami memperkirakan perbedaan imbal hasil AS-Jepang akan semakin menyempit pada akhir tahun, kami menyarankan untuk tidak mengejar USD/JPY lebih tinggi atau mengambil eksposur pinjaman JPY. Mengingat posisi short Yen investor spekulatif mendekati rekor, kami pikir USDJPY akan mengalami kemunduran jika data AS terus menunjukkan soft landing.”


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