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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