Strong earnings are winning the market tug of war for now, but rising bond yields are putting more pressure on valuations and future returns.
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6 mins
Weekly Digest: Playing the long game – reflections on the yen from the terraces
Sheffield Wednesday's difficult season and the Japanese yen's recent weakness share a striking parallel — both have hit historic lows, before showing tentative signs of recovery with a little outside assistance. While short-term volatility remains inevitable for both, underlying fundamentals suggest that, over the long run, better days lie ahead.