Strong Dollar Could Force More Japan Yen Intervention: Patterson

Rebecca Patterson, a global macroeconomics researcher and investors, as well as the former Chief Investment Strategist for Bridgewater Associates, says as long as the strong U.S. economy and surging stock market continue to attract global investors, capital inflows will keep the dollar will high against all other developed nations’ currencies, as well as those of most emerging markets. Against this backdrop Japan’s yen is at risk of weakening again to levels that are believed to have spurred recent steps by the government to intervene in currency markets.
More comments from Federal Reserve officials on Monday suggesting that the Fed is still a long way from being ready to cut interest rates are also supporting bets the dollar will remain strong for now and along with polls showing Japan’s business people and consumers displeased with the yen’s recent slide Japan’s government poised to intervene again.