Japan Equities and the Yen
Morgan Stanley·2024-08-13 09:14
M Idea Japan Macro and Equity Strategy | Japan August 8, 2024 06:46 PM GMT Japan Equities and the Yen We update our JPY and equity views on the back of the recent market volatility. We also answer frequently asked questions from both fixed income and equity investors. Key Takeaways Incoming economic data may drive a further unwinding of JPY carry trades/FX- hedged activity from overseas equity investors. We retain a bullish JPY skew. We believe roughly 60% of JPY carry trades unwound, but acknowledge wide e ...