Citi: Japan repatriation unlikely to boost yen soon
Citi strategists said Japanese companies’ fund repatriation is unlikely to strengthen the yen in the near term. They added repatriation or forex hedges could rise if companies turn more bearish on the dollar-yen outlook.
Japanese companies' repatriation of funds is unlikely to be a driver of yen strength in the near term, Citi strategists say in a note.
However, if Japanese companies develop a more bearish view on the dollar-yen pair, they could repatriate assets or put in place forex hedges on their overseas asset…