Three Reasons the Yen Will Rally

A macro look at three catalysts for a Yen rally.
  1. Swiss Yen has reached outlier levels at CHF 200. We believe mean reversion is likely.
  2. The rapid decline in Japanese Government Bonds will likely lead to repatriation of Japanese capital.
  3. We do not think the Japanese election will have a significant impact on the Yen.

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