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26 Apr 2013
Forex Flash: BoJ takes focus off Eurozone premia – UBS
FXstreet.com (Barcelona) - Nobody wants to paint an overly rosy picture for the Eurozone in light of recent developments. Indeed, the ability for the Eurozone to uncover new sources of higher risk premia has been impressive.
Even with a shift towards pro-growth policies, some structural factors especially related to private sector competitiveness still need to be addressed before investors are convinced. “Nonetheless, the market perhaps may realize soon that the key to unlock Japanese fund flow into Europe will need to be forged in Brussels and Frankfurt, not in Tokyo.” warns Research Analyst Gareth Berry at UBS.
Even with a shift towards pro-growth policies, some structural factors especially related to private sector competitiveness still need to be addressed before investors are convinced. “Nonetheless, the market perhaps may realize soon that the key to unlock Japanese fund flow into Europe will need to be forged in Brussels and Frankfurt, not in Tokyo.” warns Research Analyst Gareth Berry at UBS.