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S5/10Economic
Yen Isn't Behaving Like a G10 Currency, Mizuho Says
Jordan Rochester, Mizuho FICC strategy EMEA head, discusses sharp moves in the yen. "From all the frameworks, dollar-yen should be lower," he tells Bloomberg Television.
He adds there has been a change in behaviors in the Japanese space and the yen is not behaving like a G10 currency. "It trades like an EM in terms of its correlation to rates," Rochester says.
(Source: Bloomberg)
Source: Bloomberg MarketsOriginal source
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