The anticpated report now coming out from the world’s largest public pension fund , Government Pension Investment Fund.

  • should diversify to other asset classes such as property, infrastructure, pvt equity, commodities
  • should alter current stance on JGBs in their portfolio allocations

Yen firmer on lack of any direct suggestion on yen diversification

USDJPY down to 98.67

EURJPY 133.31