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Currency traders wary of shorting yen on risk BOJ to disappoint

  Bloomberg Some of the world’s biggest currency traders are betting that the yen can withstand almost anything Haruhiko Kuroda comes up with on Friday. Insight Investment Management Ltd., a unit of Bank of New York Mellon Corp., is “close to flat” on the yen. JPMorgan Chase & Co. says the currency could surge toward 102 per dollar on Friday, ...

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HSBC bullish on India as a third of world’s bond yields negative

  BLOOMBERG HSBC Global Asset Management is sticking with its bet on Indian sovereign bonds as Asia’s highest yields help drive the strongest foreign demand for rupee debt since October. A pickup in monsoon rains has eased inflation concern and the Reserve Bank of India’s cash injections have improved liquidity, adding to the case for favoring the nation’s debt, according ...

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Brazil banks’ lower provisions seen masking credit-quality woes

  Bloomberg Itau Unibanco Holding SA, Banco Bradesco SA and Brazil’s other major banks are expected to post their first quarter-over-quarter decline in bad-loan provisions in at least a year when they report results in coming days. The good news will probably be short-lived. “The provision decrease doesn’t mean a credit-quality improvement,” Andre Riva, an analyst at GBM Grupo Bursatil ...

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