What is the impact of the yen carry trade on earnings? Jefferies weighs in

Investing.com-- The Japanese yen firmed sharply over the past month as the Bank of Japan began raising interest rates, sparking a rapid unwinding in the yen carry trade that had spurred strong capital flows into broader risk-driven markets.

But further economic weakness in the U.S. economy could elicit more rate cuts and see USDJPY fall to as low as 120 yen, Jefferies said. Export-oriented sectors are likely to be the most impacted by this trend, while sectors with domestic exposure are likely to gain.indexes tumbled in early-August, with Jefferies stating that markets had currently priced in a 5% earnings downgrade, and a USDJPY level of 146.But despite the potential near-term impact of yen appreciation, Jefferies said that investors should overweight Japan if the cycle of yen strength remained persistent.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

These 2 Magnificent 7 stocks are top enterprise AI picks at JefferiesThese 2 Magnificent 7 stocks are top enterprise AI picks at Jefferies
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

These stocks with long track record of growing sales have a history of outperformance, Jefferies saysThese stocks have shown an ability to continue growing revenue at a strong rate.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

2 HPC stocks downgraded at Jefferies today2 HPC stocks downgraded at Jefferies today
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »