Talk of “currency wars” continues to dominate the headlines despite the efforts of the G7. Indeed, the latest official comments appear to have added to the confusion. This Update summarises the six...

The recent slide in the yen against the dollar has mainly been driven by speculation that the Bank of Japan will soon start to loosen monetary policy much more aggressively. However, there is little...

The yield of the JP Morgan Emerging Market Bond Index Plus recently fell to its lowest ever level, while the annual average dollar-based return from the MSCI Emerging Market Index of equities has been...

The yen has already fallen to within touching distance of our mid-year forecast of 95 to the dollar, while the surge in the Nikkei has left it only a little short of our target of 11,600. However...