The CEOs of DeepL and Picsart told CNBC they were concerned about AI valuations but touted the longer term potential of the technology.
Tag: overstretched
The post USD/JPY consolidates around 153. 60 amid divergence BBH appeared com. USD/JPY remains around 153. 60 as Japan’s on-hold policy stance keeps the pair elevated despite yield-based valuation concerns, BBH FX analysts report. Japan official flags overstretched Yen vs. US yields “USD/JPY is directionless around 153. 60. Japan Vice Finance Minister for International Affairs, Atsushi Mimura, highlighted that USD/JPY is trading above the level implied by US-Japan bond yield differentials. We agree.” “However, the Bank of Japan’s on-hold policy stance means this divergence is unlikely to close anytime soon. The swaps market continues to see 50% odds of a December 25bps rate hike to 0. 75%, with a full 25bps move priced for January/March.” Source:.