SINGAPORE — The Japanese currency will not likely strengthen significantly unless there's a "negative shock," according to Nikko Asset Management's John Vail."It would take quite a shock to get down to say the 100 level, a negative shock.
Japan's economic leadership is also very averse to a strong yen, Vail told CNBC's "Squawk Box Asia" on Monday. Furthermore, any appreciation in the Japanese currency is "not good" for the country's exporters, the strategist said.
Manipulated?
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