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Archived IMT (2011.01.28)

by Ashraf Laidi
Jan 28, 2011 17:36

CHINA WANTS TO SEE AN APPRECIATION IN THE VALUE OF ITS ACCUMULATING JPY HOLDINGS, therefore it can do that PARTLY VIA RAISING RATES. If NOT, JPY could continue to fall as GLOBAL BOND YIELDS RISE on INFLATIONARY FEARS (hawkish central bank talk, rising energy prices and actual rate hikes from EM).

 
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