Japanese investors have just started kicking in offshore investment at the beginning of the new fiscal year. They will do so more and more from now on, weighing down the yen.
More Quotes from Hideki Hayashi:
Asian economies are export driven, so their authorities will continue to worry about stronger currencies. There's a growing concern about intervention.Hideki Hayashi
These reports will support the euro by holding it above 1.19 against the dollar for the time being.
Hideki Hayashi
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