TOKYO -- Dollars are getting cheaper for investors in Japan on speculation that a U.S. pivot back to monetary easing will increase the supply of greenbacks on the market, along with a rise in purchases of yen bonds by foreign players.
Markets
US rate cut speculation drags dollar-yen basis swap to 3-year low
Lower demand for greenbacks relative to yen reduces costs for Japan investors
Dollar-yen basis swap rates have fallen to their lowest levels since early 2022, making greenbacks cheaper for Japanese investors. (Photo by Akira Kodaka)
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