Comeback of the Yen may be a waiting game

Currently, investors are bypassing the yen. They seem to be cooling on the idea that a big rally is just around the corner, even as bets firm that a policy shift in Japan could come as soon as next week.

It seems that the view that the Japanese currency was the cleanest wager against the dollar, destined to zoom as Japan hiked interest rates while the Federal Reserve cut, has disappeared as the dollar's strength has dominated trade.

Source: reuters.com