RBC BlueBay Asset Management fixed-income CIO Mark Dowding said in a note he
doubts Japan PM Takaichi will support excessive yen appreciation. The firm
expects any policy adjustments to aim at preventing further yen and domestic
bond weakness, a stance that could further weaken Takaichi’s position within the
ruling LDP. USD/JPY rose 0.3% intraday to 156.20 after touching a one-month low
of 155.27 overnight.