BOJ Will Be Forced to Act on Falling Yen, Macquarie’s Wizman Says

Thierry Wizman, global currencies and interest rate strategist at Macquarie Group Ltd., says the Bank of Japan will need to raise the yield cap on its 10-year note to stabilize the value of the yen. “They’ll be forced to make an adjustment. It may be small, it may not be enough to take dollar-yen back down to 110 or 105. But I think it’ll be enough to start stabilizing dollar-yen,” he says on “Bloomberg Surveillance.”

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