BoJ tightening to boost JPY valuations ahead – CIBC USDJPY BOJ Banks
“We expect spread differentials to continue to move in favour of the JPY. Indeed as Japan is the largest foreign holder of UST, should long-end spreads continue to compress, we should expect a reduction in Japanese appetite for higher-yielding overseas assets, this points towards a stronger JPY.” Information on these pages contains forward-looking statements that involve risks and uncertainties.
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