Quotes from PIMCO:
-In terms of currency positioning, underweight positions in the Japanese yen and Australian dollar versus the U.S. dollar will be supported both fundamentally and technically in 2015. In addition to Bank of Japan policies, Japanese portfolio rebalancing flows will continue to be a technical driver for a weaker yen.
-Also, a weaker Australian dollar on the back of declining terms-of-trade dynamics will be a prerequisite for needed economic rebalancing and improved export competitiveness. â€‹
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