USD/JPY unlikely to fall below 110 – Nippon Life’s CIO

CIO of Nippon Life Insurance Company, Japan’s the second largest life insurance company, was crossing the wires via Reuters today, commenting on the USD/JPY outlook and on company’s investment plans.

Key Quotes:

Not expecting USDJPY to fall below 110

Nikkei 225 bottoming between 15000-16000

Will likely step up currency hedged foreign bond investment

Considering buying semi-core European govt bonds

Will likely buy more USD denominated credit products

CIO of Nippon Life Insurance Company, Japan’s the second largest life insurance company, was crossing the wires via Reuters today, commenting on the USD/JPY outlook and on company’s investments plans.

(Market News Provided by FXstreet)