Asian Markets Brace for Fresh ‘Brexit’ Buffeting

money-yen

The Wall Street Journal | Page One | Uncertain | Relevant: Brexit, traders’ move


Summary:

The yen often rises in markets turbulence.

“Markets could get even more oversold.” “Investors might not start bargain hunting for a few weeks.” Sean Taylor, chief investment officer for Asia Pacific, Deutsche Asset management in Hong Kong.
“We think BOJ draws the line in the sand at 100 USDJPY” “That’s why we don’t want to be too aggressive in selling of Japan from here.” Khiem Do, multi-asset fund manager, Baring Asset Management in Hong Kong.


 

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