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ules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germany and is regulated by BaFin This research report has been prepared and issued by MLPF&S andror one or more of its non-US affiliates. MLPF&S is the distributor of this research
es Strategist MLPF&S Sebastian Cross Rates Strategist Pac Rim Tony Morriss Rates Strategist/Economist lial Adrsh Sinha FX Strategist Kongl Paul Ciana, CIAT Shuichi ohsaki Technical Strategist Rates Strategist 1011L Vadim laralov Shusuke Yamada, CFA >> EX Strategist FX/Equity Strategist MLP
ovember 2016 Investment Strategy Japan Shusuke Yamada, CFA >> FX/Equity Strategist Merrill Lynch (iapan) #8] 3 6225 8515 [email protected] Paul Ciana, CMT Technical Strategist MLPF&S +1 646 855 6007 [email protected] HOUSE_OVERSIGHT_014424 --- PAGE BREAK --- Chart 1: USDJPY vs yield spread Ch
Page: HOUSE_OVERSIGHT_014424 →ponsibility for research reports of its non-US affiliates distributed to MLPF&S clients in the US. Any es this report in Germany and is regulated by BaFin. tes. MLPF&S is the distributor of this research report in the US and accepts full US person receiving this research report and wishing to effect any
Page: HOUSE_OVERSIGHT_014430 →<2” 46 Global Rates, FX & EM 2017 Year Ahead | 16 November 2016 . Merrill Lynch HOUSE_OVERSIGHT_014776 --- PAGE BREAK --- Best Technical Trades Paul Ciana, CMT MLPF&S [email protected] Technical trends for Trump ¢ Bullish USD: Breadth and technicals favor USD. Overall they point to a stronger US doll
Page: HOUSE_OVERSIGHT_014777 →rules. Bank of America Merrill Lynch International Limited, Frankfurt Branch (BAMLI Frankfurt) distributes this report in Germany and is regulated by BaFin. This research report has been prepared and issued by MLPF&S and/or one or more of its non-US affiliates. MLPF&S is the distributor of this research
Page: HOUSE_OVERSIGHT_014785 →Entities connected to both BaFin and Paul Ciana

Frankfurt
LOCATION
United Kingdom
LOCATIONthe Prudential Regulation Authority
ORGANIZATIONthe Dubai Financial Services Authority
ORGANIZATION
Bank of America
ORGANIZATION
Merrill Lynch
ORGANIZATIONMerchant Bank
ORGANIZATIONThe Financial Service Board
ORGANIZATIONMerrill Lynch International Bank Limited
ORGANIZATION
Michael Bloomberg
PERSONMerrill Lynch Canada Inc
ORGANIZATION
Seoul
LOCATION
Donald Trump
PERSON
the Financial Services Agency
ORGANIZATIONPierce, Fenner & Smith Incorporated
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATIONBank of America Merrill Lynch International Limited
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATIONOtoritas Jasa Keuangan
ORGANIZATIONthe Investment Industry Regulatory Organization of Canada
ORGANIZATION