The reason for "a weak dollar but a weak yen" is simply that yen carry trades still exist.
The structure of borrowing yen to invest in high-yield overseas assets continues on a scale of 40 trillion yen. Even if the Bank of Japan raises interest rates, the interest rate differential with the US is about 3%. As long as this gap exists, the demand to sell yen will not disappear.
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The reason for "a weak dollar but a weak yen" is simply that yen carry trades still exist.
The structure of borrowing yen to invest in high-yield overseas assets continues on a scale of 40 trillion yen.
Even if the Bank of Japan raises interest rates, the interest rate differential with the US is about 3%.
As long as this gap exists, the demand to sell yen will not disappear.