The reason Japan’s currency is underperforming
Convera’s Global Head of Market Insights Steven Dooley discusses the reason why Japan’s currency is underperforming.
The Australian dollar has surged to a ten-year high against the Japanese Yen.
Currently one Australian dollar is buying roughly 102 Yen.
“Interest rates are really a key driver of valuations,” Mr Dooley told Sky News Business Reporter Ed Boyd.
“The fact that while most central banks … have seen interest rates higher, while Japan has kept rates broadly steady and only just recently started raising them – that’s caused their currency to underperform.”
9 Comments
Exsperts
A society with many societal problems. Let's Ask Shogo! Going the way of Germany, de-industrialising to benefit it's master.
It's those pesky Chinese samurai ninjas sneaking over and taking their money
Is japan in china?
It's a lie. One big lie. The fall will be hard.
アメリカによる日本占領をやめろ。
Yen and Dollar grows old and ageing fast…The G7 game is over.
For the fist 15 mins, he wasn't answering anything neither from monetary and fiscal point of views!
Bring in a few million migrants.
Economy goes boom. Society is destroyed.
Somehow I believe the Japenese prefer the lower Yen if they can see what is happening in Australia.