A versatile Fisco corporate research reporter's all-purpose column: Mafuchi’s Eye | Issue 14: Japan should prevent a stronger yen [Mariko Mafuchi]

Mariko Mabuchi Profile

Mariko Mabuchi. 7 years in investing. During the early days of Abenomics, entrusted with asset management at a company, spent three years as a full-time trader, and then became a corporate research reporter for FIscO. Currently also works in marketing at Japan Cloud Capital. Graduated from Doshisha University Faculty of Law, and holds a Master of Public Policy from Kyoto University Graduate School of Public Policy. Won Miss Doshisha during university years.

Official Blog:https://ameblo.jp/mabuchi-mariko/
Twitter:https://twitter.com/marikomabuchi

※This article is a reprint/edit of an FX攻略.com May 2021 issue. Please note that the market information in the text may differ from the current market.

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At present, with rising U.S. long-term interest rates, there is dollar strength and yen weakness, but the long-term weekly trend remains a downward trend (yen appreciation).

Therefore, what the Bank of Japan is most vigilant about now is excessive yen appreciation. The Japanese economy has suffered a major blow due to the novel coronavirus, but currently companies in semiconductors and machinery-related sectors are performing well due to recovering global demand.

However, a further rise in the yen could squeeze these export-oriented industries. —