Photographer: Tomohiro Ohsumi/Bloomberg

Yen’s Stunning Surge Leaves Even Biggest Bulls 10% Too Cautious

  • Brexit spurs biggest upward shift in yen forecasts since 2008
  • ‘Things we never envisaged have become reality,’ Mizuho says

What was the extreme bullish scenario among yen forecasters at the start of 2016 is now close to the base case -- and even that may turn out to be too cautious.

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