Citi Sees Bigger Yen Rally Depending on Shift Back to Japan Bonds
Market Intelligence Analysis
AI-PoweredCiti's strategist Daniel Tobon believes the yen's recent rally may not be sustained unless Japanese buyers return to the nation's bond market, indicating a potential shift in market sentiment.
Market impact analysis based on neutral sentiment with 80% confidence.
Article Context
The yen’s strongest three-day rally since August 2024 isn’t enough to turn Citigroup Inc. strategist Daniel Tobon into a yen bull just yet. To keep the gains going, he said, Japanese buyers will need to start shifting cash back to the nation’s bond market again.
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