UBS Group AG, BNP Paribas, Goldman Sachs and RBC Capital Markets recommending: buy U.S. dollar, sell yen
“The Japanese economy faces significant challenges, with the inflation target remaining elusive, and continuing negative gross-domestic-product growth," analysts including Daniel Waldman, co-head of foreign-exchange and rates strategy at UBS in New York, wrote in a Dec. 10 report. Slowing exports may also drive the yen lower, he said.
Buying the dollar against the yen is the best way to make a bullish bet on rising U.S. rates, according to Adam Cole, head of G-10 foreign-exchange strategy in London at RBC.
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