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Don't bet on Trump, UBS warns, as yen set to strengthen

Wednesday, November 30, 2016 - 05:50
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Speculation that president-elect Trump will unleash reflationary stimulus drove the yen to an eight-month low near 114 on Friday.

Tokyo

UBS Group AG's US$2 trillion dollar wealth-management arm says yen traders have got Donald Trump all wrong, and the currency will strengthen to 98 per dollar by this time next year.

The firm's Tokyo-based head of Japanese equity research Toru Ibayashi says expectations for