Have we reached peak quantitative easing? Moves in currency markets seem to suggest that, according to an investment manager.
The Japanese yen has hit a 17-month high against the U.S. dollar on Thursday despite aggressive monetary stimulus from the Bank of Japan (BOJ) – a sign that the market is experiencing "QE (quantitative easing) fatigue," said Garth Taljard, head of multi-asset product for Asia at Schroders.
"Europe and Japan in particular have been very strong in the last three years because of this QE intervention and a lot of monetary stimulus, but that story is looking tired," Taljard told CNBC's "Squawk Box".