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Realistbear

Bloomberg: More I R Woes To Come As Bo J Consider Hiking

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Long time no hear?

http://www.bloomberg.com/apps/news?pid=206...&refer=home

Yen Climbs to Two-Week High as Fukui May Signal Rate Increase
By Chris Young and Kosuke Goto
Sept. 5 (Bloomberg) -- The yen rose to a two-week high against the dollar and gained versus the euro on speculation Bank of Japan Governor Toshihiko Fukui will signal the need for further interest-rate increases after a policy meeting this week.
Traders have increased wagers on a rate rise in coming months after a report yesterday showed Japanese companies spending at the
fastest pace in five years
. The currency has rebounded after falling to a six-week low against the dollar last week, when a record number of investors were betting on declines.
``Overseas funds are buying the yen,'' said Satoshi Tate, a senior vice president of the foreign-exchange division in Tokyo at Mizuho Corporate Bank Ltd., a unit of Japan's second-largest lender by assets. ``There's speculation the BOJ Governor may not be so dovish'' after the meeting ends on Sept. 8.

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Interestingly, yesterday the FT were reporting that the yen carry trade was 'back with a vengeance', because hedge funds weren't expecting more rises in the near future.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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