2026-03-16 23:28:33 GMT
By Ruth Carson
(Bloomberg) — Yen weakness is set to continue if higher energy prices persist and the Bank of Japan doesn’t raise interest rates, according to Alpha Binwani Capital.
“Right now the yen will go to 160 and the BOJ cannot stop this weakening unless they hike rates,” said Ashwin Binwani, founder of the firm and three-decade markets veteran
“If the oil price doesn’t go down in the next three months, the yen will go to 165”
Verbal intervention is not working to bolster the yen with hedge funds in particular shorting the yen based on oil price dynamics, Binwani says
** “As long as the oil price remains above $100, you have energy inflation, imported inflation, and that screams rate hike — you’ve got no other choice”
Yen Near Year’s Low as Strategists See Higher Intervention Bar
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