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.

2026-09-04

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.