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Pictet WM urges against hedging JPY exposure when investing in Japan equities


Pictet Wealth Management is advising USD clients not to hedge against JPY exposure when investing in the country’s equities market, even as the bank holds a bearish near-term outlook for the currency. “If trade tensions intensify again, following some unwelcome twists, JPY should play its protective role again,” Luc Luyet, currency strategist at Pictet Wealth Management, told Asian Private Banker, adding…

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