HSBC Warns Yen’s Surging Risk Premium Has Few Easy Fixes
Fears of steep government spending and resurgent inflation in Japan are driving a breakdown in the yen’s traditional link to the dollar and government-bond yields, prompting HSBC Holdings Plc strategists...
By Carter Johnson · Bloomberg Markets
Fears of steep government spending and resurgent inflation in Japan are driving a breakdown in the yen’s traditional link to the dollar and government-bond yields, prompting HSBC Holdings Plc strategists to reverse their forecasts for the Japanese currency in the months ahead.