FX Moment: Mizuho's Rochester on the Yen
The unexpected election of the LDP’s Sanae Takaichi and her known bias for expansionary fiscal policies is questioning the yen’s bull case and the currency’s sharp and broad selloff since the Oct. 4 result is a taste of what could come. For now, we don’t have enough information to assess how or when fiscal stimulus will eventually unfold, so it’s premature to call a sustainably bearish view until the fiscal prospects can be quantified.
In this episode of FX Moment, Bloomberg Intelligence Chief FX Strategist Audrey Childe-Freeman and Jordan Rochester, head of FICC strategy for EMEA at Mizuho…
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