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 low
- Signaling subdued expectations of a sustained rally in yen
- Nine 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.