Bloomberg had the report, gated. Briefly:
- Japanese life insurers reduce safety for his or her overseas belongings towards a stronger yen to a contemporary 14-year low
- Signaling subdued expectations of a sustained rally in yen
- 9 of Japan’s largest life insurers collectively lowered bullish yen wagers tied to their overseas funding holdings to 44.4% on the finish of the fiscal half in March from 45.2% six months earlier
This text was written by Eamonn Sheridan at www.forexlive.com.
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