Alpha Binwani Capital said that if energy prices continue to rise and the Bank of Japan does not raise interest rates, then the yen will continue to weaken. Alpha Binwani, the founder of the company and a veteran with 30 years of market experience, said: “Currently, the yen will fall to 160. Unless the Bank of Japan raises interest rates, we cannot stop this weak trend.” “If oil prices do not fall in the next three months, then the yen will fall to 165.” Binwani said that verbal intervention does not boost yen, especially when hedge funds are shorting yen based on oil price trends; “as long as oil prices stay above $100 per barrel, there will be energy inflation and import inflation, which certainly means raising interest rates — you have no choice.”

Alpha Binwani Capital said that if energy prices continue to rise and the Bank of Japan does not raise interest rates, then the yen will continue to weaken. Alpha Binwani, the founder of the company and a veteran with 30 years of market experience, said: “Currently, the yen will fall to 160. Unless the Bank of Japan raises interest rates, we cannot stop this weak trend.” “If oil prices do not fall in the next three months, then the yen will fall to 165.” Binwani said that verbal intervention does not boost yen, especially when hedge funds are shorting yen based on oil price trends; “as long as oil prices stay above $100 per barrel, there will be energy inflation and import inflation, which certainly means raising interest rates — you have no choice.”