Dollar wavers amid renewed Iran attacks, yen slides on pensions doubts - KITCO
Dollar wavers amid renewed Iran attacks, yen slides on pensions doubts - KITCO
Source: KITCO
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DW NOTE
The yen is sliding because Japanese pension funds have spent thirty years chasing yield abroad and now face currency losses that dwarf their nominal gains. The Iran headline is noise — the ceasefire held, shipping is returning, and oil is down 36.8% from its peak. If pensions doubted the yen after decades of BOJ suppression, this isn't new information.