Epstein Secrets

The quantitative and qualitative monetary easing policy being prolonged beyond the second year would mean continuing support for JPY depreciation. Taisuke Tanaka (Embedded image moved to file: pic27293.gif) Tazia Smith Director I Key Client Partners - US DS Securities Inc Deutsche Asset & wealth Managemen

ring JPY-shorts to be an effective strategy. 6) Abenomics: If the us economy were weak, then yen depreciation and rising stocks could not be called Abenomics' policies, and Abenomics would be a disappointment. However, if a strong US economy facilitates a rising USD/JPY and outperformance by Japanese sto

effective strategy. 6) Abenomics: If the us economy were weak, then yen depreciation and rising stocks could not be called Abenomics' policies, and Abenomics would be a disappointment. However, if a strong US economy facilitates a rising USD/JPY and outperformance by Japanese stocks, then Abenomics shoul

Alan Ruskin Daniel Brehon Drausio Giacomelli Guilherme Marone Mauro Roca Singapore Sameer Goel Mallika Sachdeva Sydney John Horner Tokyo Taisuke Tanaka Head of FX Strategy Bilal Hafeez Deutsche Bank AG/London DISCLOSURES AND ANALYST CERTIFICATIONS ARE LOCATED IN APPENDIX 1. MICA(P) EFTA01464418

cy of Abenomics, whether through elections, structural reforms or monetary policy. Expectations will remain one of the key channels through which Abenomics will influence the direction of the economy. The flow picture also remains negative for the yen thanks to M&A outflows and the potential for furth

support for non-dollar reserve currencies such as the euro and Australian dollar. The other surprise has been the scale of the Japan "shock" with Abenomics proving to be the most radical set of policies since the depression-era. The yen has fallen markedly; competitor nations such as Korea have seen t

USD -378.78 Premium Date: Thu 04-Sep-2014 Net Premium: <Client> Receives USD 41,503 Forwarded by Tazia Smith on 09/02/2014 08:55 AM From: "Taisuke Tanaka, Deutsche Securities Inc." To: Tazia Smith Date: 08/21/2014 02:42 AM Subject: DEutsche JApan View on FX - USD/JPY: Stay bullish Deutsche Securiti

ffective strategy. 6) Abenomics: If the US economy were weak, then yen depreciation and rising stocks could not be called Abenomics' policies, and Abenomics would be a disappointment. However, if a strong US economy facilitates a rising USD/JPY and outperformance by Japanese stocks, then Abenomics shoul

ing JPY-shorts to be an effective strategy. 6) Abenomics: If the US economy were weak, then yen depreciation and rising stocks could not be called Abenomics' policies, and Abenomics would be a disappointment. However, if a strong US economy facilitates a rising USD/JPY and outperformance by Japanese sto

78 Premium Date: Thu 04-Sep-2014 Net Premium: <Client> Receives USD 41,503 Forwarded by Tazia Smith on 09/02/2014 08:55 AM From: To: Date: "Taisuke Tanaka, Deutsche Securities Inc." <I =MI Tazia Smith 08/21/2014 02:42 AM Subject: DEutsche JApan View on FX - USD/JPY: Stay bullish Deutsche Securities

effective strategy. 6) Abenomics: If the US economy were weak, then yen depreciation and rising stocks could not be called Abenomics' policies, and Abenomics would be a disappointment. However, if a strong US economy facilitates a rising USD/JPY and outperformance by Japanese stocks, then Abenomics shoul

ring JPY-shorts to be an effective strategy. 6) Abenomics: If the US economy were weak, then yen depreciation and rising stocks could not be called Abenomics' policies, and Abenomics would be a disappointment. However, if a strong US economy facilitates a rising USD/JPY and outperformance by Japanese sto

the downward pressure on the yen stemming (as an auxiliary effect) from the BoJ's easing stance, and expect the USD/JPY to reach Y115 by end-2014. Taisuke Tanaka From: To: [email protected], Cc: ahe stepanian/db/dbcom0064mericas, Paul Morris Date: 11/15/2013 10:14 AM Subject: USDcJPYp zero cost on

weaken unless the US economy strengthens, Japanese stock markets will not rally unless the yen weakens, and Abenomics will not succeed unless the yen weakens and the stock markets rally. Fortunately, we believe the Abe administration will continuously benefit from

p zero-cost one touch (indicative levels below). Thoughts? Best Regards, Tazia Forwarded by Tazia Srnithldbrdbcom on 11/182013 11'03 AM -- From. "Taisuke Tanaka. Deutsche Sectsities Inc." < To. Tazia SmitlVdtk , Date: 11/17/2013 10:41PM Subject. DEutsche JApan View on FX - USD/JPY: Sell-entorcing trend

factor for the USD/JPY. The yen will not weaken unless the US economy strengthens, Japanese stock markets will not rally unless the yen weakens, and Abenomics will not succeed unless the yen weakens and the stock markets rally. Fortunately, we believe the Abe administration will continuously benefit from a

The quantitative and qualitative monetary easing policy being prolonged beyond the second year would mean continuing support for JPY depreciation. Taisuke Tanaka Tazia Smith Director I Key Client Partners - US DB Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue. 10154-0004 New York. NY, L

effective strategy. 6) Abenomics: If the US economy were weak, then yen depreciation and rising stocks could not be called Abenomics' policies, and Abenomics would be a disappointment. However, if a strong US economy facilitates a rising USD/JPY and outperformance by Japanese sto