jane foley is still with us.'ve heard from the boj today, it is going to think a lot more than the central bank to get the yen to 100, sorely. guest: yes. i would be thinking of a lot of risk aversion. for instance, we know that there is a lot of easing from the bank of japan am a but i think in terms of risk aversion, that is almost irrelevant. we've had a lot of investors buying the dollar when they are under pressure. in emerging markets this year, we saw a lot of inflow into the dollar. i would still maintain that when investors really are running for the hills, they buy the yen. i would think that in order to ,et from where we are to there we would have to also be seeing a much weaker global environment. perhaps much weaker u.s. growth, that sort of thing. i think that is what we have to be seeing. me, it is fascinating to now maybe the greatest divergence on bloomberg. ofse are two firms' views very weak yen and very strong yen. what is the robber bank call -- rabobank view? guest: i think by the end of nex

with me is jane foley, senior fx strategist at rabobank. good to have you with us. so we spoke about this a little earlier, but the arab news leading on the saudi investments summit, this forum, do you think it will make much difference to the saudis, these western business leaders and key people pulling out, or not?” western business leaders and key people pulling out, or not? i think it will, although that is not necessarily what you would pick up if you read this article. what this article is saying is that yes, some western officials have pulled out, but they have sent second—tier or lower officials anyway. so they are not pulling out totally, but it mentions that a lot of investment could come from china and russia. so there is definitely a geopolitical theme which the west are very much aware of. and something else that these articles and this paper are suggesting is that foreign direct investment has been very strong this year, counter to what we have been reading in the western press, that foreign direct investment really declined last year on a year—on—year

with me is the foreign exchange strategist jane foley.ence, it has been described as a big deal the saudis, also to those who want to do business and in to the lucrative opportunities there. how important is the presence or absence of key western figures, do you think?m is the presence or absence of key western figures, do you think? it is important. this is all part of their strategy. this is their plan to open up strategy. this is their plan to open up their economy to foreign direct investment, to really shift the focus away from just being exclusively oil in the country, so they are billing themselves as a significant g20 country in the region and they want that investment from overseas to really push them into a new economic era. we have seen into a new economic era. we have seen a into a new economic era. we have seen a lot of western companies really pull out of this and that is interesting to, because that probably means that the focus perhaps will be on chinese investment, may be russian investment, may be russian investment, so

joining us is jane foley, senior currency strategist at rabobank. welcome to you.f this us treasury report? to think they will find china is a money manipulator and, if they do, what will happen next? i don't think they will and there was an indication last week that they will probably not be pointing the finger at china, but it has to be said the yu china managed their currency against the us dollar, they do that, but managing it to keep it further. if they were to walk away from managing the currency, there would be a huge outflow from china and the currency would fall. the yuan has weakened against the us dollar the ship but so against the us dollar the ship but so has almost every currency in the world. the dollar, since the start of debris, is one of the best currencies in the world and that is because the federal reserve, the central bank in the us, is putting up central bank in the us, is putting up interest rates and it is one of the few jee ten up interest rates and it is one of the fewjee ten central banks be sheer to be doing that progressively. if the u

corrects thank you so much, jane foley. portunitiesding with brexit negotiations or italian budgets. ask jane. >> i think i would choose -- italy. threat.'s saudi a severe punishment if it is linked to the journalist. this is bloomberg. ♪ ♪ >> this is bloomberg surveillance. ncince: a lid of it delayed because of some technical concerns. it is important today after the elections in bavaria. this ability of the local coalition. we will go to the bloomberg didn't just flash with juliette saly. tte: jamie dimon with the latest corporate leader to drop out of saudi arabia's davos cal l. kashcomes off of jamaal oggi. steven mnuchin and is also looking for taking conferences. sears has filed b bankruptcy, months america's biggest retailers, collapsed. soldeo and his hedge fund about $2.5 billion in september. the result the multiple attempts to keep the chain of float. habi has delayed plans for the ipo of the spanish oil company. told it shouldes go ahead and the listing could be the biggest ipo in a decade and that is the bloomb

jane foley, thank you. vonnie? vonnie: time now for the first word news, here's courtney donohoe.er isobert getting ready to hand over the key aspects of his findings on the special- on counsel investigation. mueller has become close to running ring -- rendering judgment on two issues, collusion and obstruction of justice. president trump is warning central american countries to turn back migrants headed for the u.s.. last night he tweeted that honduras, guatemala, and el salvador would lose aid if they allowed migrants to travel through their borders. a caravan of as many as 2000 hondurans entered guatemala this week. along the florida panhandle, armed looters are targeting homes in his this is that remained without electricity after being ravaged a week ago by hurricane michael. suspected looters have been arrested over the past week and more than 130,000 in florida are still without power. the british prime minister, theresa may, heads into a crucial european union summit battle over brexit. she will tell eu leaders that they need to show flexibility on the issues that have neg

david: jane foley, thank you for being with us. coming up, a royal life. bought a stake in tesla but mohammad bin salman isn't rushing to drive his car. more on that, coming up next. this is bloomberg. ♪ ♪ daybreak.""bloomberg i'm emma chandra. the vice, bill casey, chair of transaction advisory services. this is bloomberg. ♪ >> now to your bloomberg business flash. u.s. prosecutors reportedly may take a rest after targeting individuals in a sanctions of violations case. according to "the financial times," they told standard chartered they are preparing to bring criminal charges against former employees over a latched sanction violations. the british bank also may face $1.5 billion in fines. .organ stanley is remodeling you'll overhaul about 1.2 million square feet of office space to make it more tech friendly. the goal is to put experts closer to brokers, bankers, and traders. they say it needs to be designed around a more dynamic, millennial kind of workforce. in the parent of mercedes-benz has announced the first high-level departure since getting a new