Bank Opportunities and Yen Interventions

This chapter delves into the positive outlook for banks with the steepening yield curve presenting growth opportunities, especially for Citibank. Discussions include the potential intervention by the Bank of Japan to prevent further depreciation of the yen and the risks involved in trading short-yen positions. The impact of central bank differentials on the dollar-yen pair movement, potential changes to the BoJ's bond buying program, and the uncertainties surrounding an interest rate hike are also explored.