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The reason Japan’s currency is underperforming 3 недели назад


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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.”

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