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HOT
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Pledge one crypto to borrow another
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Mitsubishi UFJ: If Trump wins, the yen is expected to maintain its downward trend
Jinshi Data News on November 6th, Mitsui Sumitomo DS Asset Management strategist Ichikawa Masahiro said that if Trump wins, the yen is expected to continue its downward trend against the dollar, which could offset any increase in the Japanese Central Bank's expected rate hike. He said, 'Even if the Japanese Central Bank raises interest rates further, the pace will not be fast.' He also added that Trump's expansionary policies will have a greater impact on the exchange rate between the dollar and the yen by slowing down the pace of future interest rate cuts by the Federal Reserve. As Trump took an early lead in the election results, pushing up US Treasury yields, the dollar-yen exchange rate briefly touched a three-month high of 154.30.