Elena Nikulina

Yen threatens deeper losses without intervention, Robin Brooks warns

Yen threatens deeper losses without intervention, Robin Brooks warns
Yen reaches new 2024 low versus Dollar

Robin Brooks highlights that the Yen has dropped below its 2024 low versus the Dollar. He suggests that without the ongoing threat of intervention, the exchange rate could be 170 or higher. Brooks also notes that Japan's significant debt is weighing on the Yen.

Brooks has previously analyzed key commodity trends. He remarked that a peace deal could bring Brent crude down to $85 and U.S. gas to $4 a gallon, citing the potential removal of the risk premium in one assessment. In another outlook, he expected Brent crude prices to stay in the $80-$90 range due to persistent war-related risks and a significant risk premium, according to a separate report.

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