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Well-known Hedging Fund Manager predicts: 10-year Japanese bond yield is expected to rise to 2% this year
Hedging fund manager Stephen Jen said that once the Fed starts cutting interest rates, the Central Bank will exit its ultra-loose monetary policy, which will push the yen and sovereign bond yields higher this year. Jen, CEO of Eurizon SLJ Capital Ltd., wrote in a note that the yen could rise to 130 yen per dollar this year, and the yield on 10-year Japanese government bonds could rise to 1.5%-2%. In the Tokyo market on Monday, the yen was trading around 148.10 per dollar, and the yield on 10-year Japanese government bonds was at 0.71%.