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Yen strength nearing end, Lombard Odier

With the yen’s rally likely nearing its end, Lombard Odier believes that any further strengthening presents a tactical opportunity to add dollar risk in portfolios denominated in the Japanese currency. Despite Bank of Japan’s (BoJ) inaction last week, the Swiss pure play believes that the central bank will ease again in July to boost its policy credibility, given that its…

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