Bloomberg: Japanese life insurers cut protection against stronger yen to fresh 14-year low ...Middle East

Bloomberg had the report, gated. In brief:

Japanese life insurers cut protection for their foreign assets against a stronger yen to a fresh 14-year lowSignaling subdued expectations of a sustained rally in yenNine of Japan’s biggest life insurers collectively lowered bullish yen wagers tied to their foreign investment holdings to 44.4% at the end of the fiscal half in March from 45.2% six months earlier This article was written by Eamonn Sheridan at www.forexlive.com.

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