USD/JPY unlikely to fall below 110 – Nippon Life’s CIO

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    CIO of Nippon Life Insurance Company, Japan’s the second largest life insurance company, was crossing the wires via Reuters today, commenting on the USD/JPY outlook and on company’s investment plans.

    Key Quotes:

    Not expecting USDJPY to fall below 110

    Nikkei 225 bottoming between 15000-16000

    Will likely step up currency hedged foreign bond investment

    Considering buying semi-core European govt bonds

    Will likely buy more USD denominated credit products
    For more information, read our latest forex news.

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