0716 GMT - The dollar pair is likely to remain rangebound against the yen in the near term, trading largely within the 155-160 yen range, LGT Private Banking Asia says in a note. Risk of intervention in support of the yen should help cap the dollar's gains, the private bank says. Repatriation from European fixed-income holdings by Japanese investors could help the yen, LGT adds. Meanwhile, wide rate differentials between the U.S. and Japan and continued overseas investment by Japanese investors should limit the scope for the yen's gains, LGT says. The dollar is at Y158.25.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.