Epstein Secrets

Nov 30 (to be extended) Extraordinary Diet session (supplementary budget, TPP, tax-hike delay, casino bill) Nov 15 Japan-Russia trade officials meet (Tokyo) Nov 17 Abe, Trump meet in New York Nov 19-20 Abe, Putin meet at APEC (progress on territorial issue a key public concern) Dec 8 Jul-Sep GDP 2nd prel

ri ed K ional Limited, which are authorized tional Bank Limited, London Branch, wl PRA are available from us hange Act in I Lyne ment (Argentina): > Merri ated b errill Lynch Lynch Securi Lynch Banco y. ingdom (UK) he FCA and Lynch (Seou erril y the Securities and ies, FSA); ultip 0 pro h (Sing

; has been considered and distributed in Japan by Merrill Lynch (Japan), a registered securities dealer unde

exposure to unhedged foreign bonds though they generally remain price sensitive. In our view, this is reflected in the USD/JPY’s consolidation during Tokyo trading hours after the pair hit 100 on the Brexit vote (Chart 4). The fact that USD/JPY has failed to break 100 multiple times since then suggests t

es in the US (short name: legal name, regulator}: Merril International, regulated by the Financial Conduc

Y reached 100 on the Brexit vote as we argued in $/¥’s eventual surge: Buy Nikkei O06 September 2016. In fact, the USD/JPY has stopped falling during Tokyo trading hours since the summer. Based on the decline of foreign yields and higher hedge costs, hedged US Treasuries and German bunds had lost nearly