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Story summary
- Societe Generale strategists say the yen's recovery depends on a shift in Japan's growth outlook, not just intervention.
- The yen recently reached a two-week high of 156.82 yen.
- Prime Minister Sanae Takaichi shows hesitance toward rate hikes, nominating academics favoring loose policy to the Bank of Japan's board.
- The British pound may decline even if the Bank of England holds March rate cuts, due to services inflation and political concerns.
