Yamada: Bearish perspectives for the yen

The yen has seen a certain increase against the dollar and other major currencies, and the issue that worries all investors at the moment is - will the currency appreciate.
In the medium term, the yen should continue with its weakness, at least such is the opinion of strategist Shushuke Yamada, a currency strategist at Bank of America Merrill Lynch.
Inflation in Japan is still very low and prospects for Japan's central bank to raise interest rates soon are small, according to the expert.
In the medium term, however, the yen can continue with strong performance, according to the US bank analyst. The tension between the United States and North Korea has not yet come to an end, which can resume at any moment.
Traditionally, the yen is perceived by market participants as an "island of salvation", the latter having a tendency to buy yen and yen-denominated assets, as geopolitical tensions grow.
These risks, however, are expected to start to wane over time, and this may lead to a subsequent depreciation of the Japanese currency, Yamada also said, quoted by Bloomberg. As a potential period for weakening of the yen, Yamada points to the final quarter of this year.