Press Release Summary: Company bosses at Portway Capital are mulling the possibility of increasing their speculative position on the Yen, if industry rumblings prove to be credible.
Press Release Body: France-based Portway Capital, who came under fire eighteen months ago for the swift implementation of several, well-publicized changes to their investment strategies, were tongue-in-cheek about the difficulties in a recent letter to customers and shareholders alike. The strategy shift last year was to "get out of the dollar", and to do that effectively Portway Capital had to move fast - thus prompting calls of foul play by unconvinced investors. Today Portway Capital are pointing to a 15% gain in the Yen vs the Dollar in the last 12 months, as key evidence that the strategies and were correct and that their swift execution was essential for maximum gains. Furthermore, there is now a substantial amount of chatter to suggest that Portway Capital are ready to increase their Yen exposure; BOJ's new governor, Masaaki Shirakawa, is seen as more hawkish than his predecessor and with The Bank of Japan reluctant to keep interest rates at a negative level, after accounting for inflation, all factors seem to point to further Yen gains in the short-term, according to Portway Capital.
Web Site: http://www.portwaycapital.com
Contact Details: Michael Brown PR NewsNow 1200 Westway Santa Clara CA 95010 US 18004388210
2022
