Yen Likely to Weaken, CMC Markets Says

The video discusses the performance of G10 currencies over the past year, highlighting the Japanese yen's unique position as a safe haven. Despite its strength, the yen may face pressure if growth trends continue. The video also analyzes gold's market behavior and the shift in market sentiment from safe haven trades to growth currencies like the Aussie dollar. Additionally, it covers the US dollar's characteristics and potential interest rate cuts by the Fed, which could influence its support.

Which currency was the exception in losing value among the G10 currencies over the last year?

• Canadian dollar

• British pound

• Japanese yen

• Euro

What is the suggested near-term trade strategy involving the yen?

• Holding onto the yen as a safe haven

• Investing in gold instead of currencies

• Favoring the yen over growth currencies

• Favoring growth currencies like the Aussie dollar over the yen

What recent trend has been observed in the US dollar's performance?

• A significant increase in value

• A shift from a haven trade to pricing in a Fed move

• Stability with no major changes

• A decrease in interest rates

What is the expected probability of a rate cut by the Federal Reserve within two months?

• 90%

• 30%

• 50%

• 70%

What could potentially support the US dollar according to the discussion?

• A significant rise in gold prices

• A move towards extreme interest rate pricing

• Increased international flows towards the US

• A simple move back towards the mean in USA economics