Yen to Strengthen 10% in Coming Months on US Rate Cuts, Morgan Stanley Says

The yen looks set to appreciate nearly 10% against the dollar in the coming months if the Federal Reserve delivers back-to-back rate cuts amid growing signs of a US economic...

By John Cheng · Bloomberg Markets

The yen looks set to appreciate nearly 10% against the dollar in the coming months if the Federal Reserve delivers back-to-back rate cuts amid growing signs of a US economic slowdown, Morgan Stanley strategists said.