US fund managers shy away from 'significantly undervalued' yen
The Japanese yen hit a 39-year low against the U.S. dollar on July 22.
The Japanese yen hit a 39-year low against the U.S. dollar on July 22.
(Photo by Mizuho Miyazaki)Nikkei staff writersJuly 23, 2026 02:06 JSTNEW YORK -- Though many U.S. institutional investors think the yen is undervalued, they remain reluctant to buy the currency as they await clear policy action from Japanese officials.
NEW YORK -- Though many U.S. institutional investors think the yen is undervalued, they remain reluctant to buy the currency as they await clear policy action from Japanese officials.
NEW YORK -- Though many U.S. institutional investors think the yen is undervalued, they remain reluctant to buy the currency as they await clear policy action from Japanese officials.
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Katsuji Nakazawa is a Tokyo-based senior staff and editorial writer at Nikkei. He spent seven years in China as a correspondent, and later as China bureau chief, and was the 2014 recipient of the Vaughn-Ueda International Journalist prize. Katsuji Nakazawa is a Tokyo-based senior