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e appreciation of the yen, once again pushing the Bank of Japan’s (BOJ’s) 2% inflation target further into the futu
u of Labor Statistics BOE: Bank of England BOJ: Bank of Japan CAGR: compound annual growth rate CDS: credit de
d a Cross-Border Investment Advisory Company with the Korean Financial Supervisory Commission, and as a licensed corporation for, amongst othe
e maintaining our recommen- dation to underweight the Japanese yen. The Japanese economy continues to weaken against its peers, raising pressure on the Bank of Japan to engage in further quan- titative easing. We have also closed our preference for the Canadian dollar, which is less attractively valued after sol
ublication and of the research on investments and financial analysis herein contained. Jersey: UBS AG. Jersey Branch. is regulated and authorized by the Jersey Financial Services Commission for the conduct of banking, funds and investment business Luxem- bourg: This publication 6 not intended to constitute a public offer under Luxembourg
Foreign Exchange We remain underweight the Japanese yen. The Japanese economy continues to weaken against its peers, leading to rising pressure for the Bank of Japan to engage in further quantitative easing. We have closed our preference for the Canadian dollar following its recent strength, and therefore close ou
Page: HOUSE_OVERSIGHT_025250 →publication and of the research on investments and financial analysis herein contained. Jersey: UBS AG, Jersey Branch, is regulated and authorized by the Jersey Financial Services Commission for the conduct of banking, funds and investment business. Luxembourg: This publication is not intended to constitute a public offer under Luxembourg
Page: HOUSE_OVERSIGHT_025290 →Entities connected to both the Bank of Japan and the Jersey Financial Services Commission

Eurozone
ORGANIZATION
Michael Bloomberg
PERSON
Malaysia
LOCATION
Barack Obama
PERSONthe Dubai Financial Services Authority
ORGANIZATION
Belgium
LOCATIONthe European Central Bank
ORGANIZATION
United States
LOCATIONThe Monetary Authority of Singapore
ORGANIZATION
U.S. Treasury
ORGANIZATION
Frankfurt
LOCATION
Marc Rich
PERSON
Donald Trump
PERSON
Eric Holder
PERSON
Chile
LOCATION
United Arab Emirates
LOCATION
Philippines
LOCATION
the Bank of England
ORGANIZATION
Federal Reserve
ORGANIZATION
Bahrain
LOCATION