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Asset supervisor’s bets on USD/JPY soured as yen weakened via This fall
Franklin Templeton dramatically shrunk its US greenback/yen international trade choices positions through the fourth quarter, after name and put unfold trades betting on yen power in Q3 did not repay and led to a drag on outcomes.
The California-based asset supervisor had constructed the most important FX choices e-book amongst US mutual and exchange-traded funds at factors over the previous two years, usually swapping the highest rank with Morgan Stanley Funding Administration. By the third quarter, its whole USD/JPY choices
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