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Time to Sell Yen: Strategist

From cnbc.com

Although global risk appetite is set to improve, the sun has yet to rise on the yen, according to one strategist. Boy, that euro zone crisis just won't quit. Spanish and Italian bond yields are ticking up again after a few days of improvement, and investors are still puzzling over what the European Central Bank (explain this) might do to fix the mess. For Jens Nordvig, though, one thing is perfectly clear. Nordvig, global head of G10 FX strategy for Nomura Securities, thinks the steps toward crisis resolution and the diminishing odds of full-blown European disaster mean risk premiums — the amount investors demand to ... (full story)

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