Bloomberg Daybreak: Asia Edition Yen Rises with Warning From Takaichi, Metals Rally
7 snips
Jan 26, 2026 Katy Kaminski, Chief Research Strategist at AlphaSimplex, explains the drivers behind the precious metals rally. Kei (Kay) Akamura, Portfolio Manager at Neuberger Berman, breaks down yen moves, intervention risk, and Japan market opportunities. They discuss yen intervention risk, gold and silver’s surge, Japan CPI and bonds, and sector plays from AI to value stocks.
AI Snips
Chapters
Transcript
Episode notes
Speculation Of Rare Coordinated Intervention
- Market rhetoric and rate checks raised speculation of coordinated intervention to support the yen.
- Kay Akamura says coordinated action between Japan and the U.S. would be very rare and could explain large near-term yen moves.
Short-Term Speculation Vs Structural Yen Weakness
- Short-term yen moves are being driven by intervention speculation while longer-term weakness stems from structural Japanese issues.
- Akamura expects gradual yen appreciation if market normalcy returns, dependent on U.S. Fed policy.
Position For Fiscal Support And Domestic Recovery
- Position portfolios to benefit from domestic stimulus and stronger consumption if the LDP consolidates power.
- Akamura recommends exposure to regional banks and large lenders that would gain from a healthier economy.