Higher rate of currency hedging, likely to weigh on USD/JPY from 2016 – Deutsche Bank

Taisuke Tanaka, Strategist at Deutsche Bank, suggests that the hedging activity by lifers in their foreign securities investment has sometimes had a more powerful impact on JPY markets than the flow of foreign securities investment itself.
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EUR/USD clinches highs near 1.1350

A sudden bout of buying interest in the common currency has pushed EUR/USD to session tops in the mid-1.1300s following the opening bell in Euroland...
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