Japanese Yen: Weak currency and cheap burgers – Nordea
Nordea’s Helge J. Pedersen argues that the Japanese Yen appears significantly undervalued versus the Dollar on both OECD purchasing power parity estimates and The Economist’s Big Mac Index.
Nordea's Helge J. Pedersen contends that the Japanese Yen appears substantially undervalued compared to the Dollar, according to both OECD purchasing power parity estimates and The Economist's Big Mac Index. Despite Japan's robust trade surplus and current account surplus indicating potential for Yen appreciation, persistently low Japanese interest rates in contrast to the US continue to negatively impact the JPY and hinder sustained currency strength.
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