Investment Roundup – September 30

In summary, the yen appears likely to stabilise within a range, with market participants noting continued interest in instruments linked to stable currency dynamics. Japanese equities are expected to remain largely rangebound with a slight upward bias, a backdrop in which structured income products are often more visible in flows. On the rates side, modest upward pressure on the short end, combined with a narrowing gap between US and Japanese policy rates, has coincided with reduced appetite for traditional carry strategies.