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Forex News EUR/JPY Demand Subdued At Current Level; Brexit Limits GBP/JPY Demand - BofAML

P

Peter

Active Member
Bank of America Merrill Lynch FX Strategy Research believes that the bulk of EUR bond investments has been currency-hedged due to low hedge costs and rapidity of the EUR/JPY's rally to the upper end of ranges assumed by Japanese institutions for the fiscal year and well above justified by real rates spread .

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