Hawkish BOJ expectations and portfolio shifts lift yen, market talk
Yen rose as overseas investors priced in a more hawkish BOJ and real-money investors adjusted portfolios at the start of the month, a State Street strategist said. The yen hit strongest intraday levels since Aug. 3.
Overseas investors pricing in a more hawkish BOJ and adjustments in portfolio positioning by real-money investors at the beginning of the month are sending the yen higher, State Street strategist Masahiko Loo says in a note.
The yen hit its strongest intraday levels since Aug.
3, with the dollar la…