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Trump’s ‘Shock and Awe’ Trade Tactics Look Bullish for the Yen

Illustration Of Japanese Yen Notes

Photographer: Kiyoshi Ota/Bloomberg

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U.S. President Donald Trump’s escalating “shock and awe” trade rhetoric could prove to be a boon for the yen, according to Erin Browne at UBS Asset Management.

The head of asset allocation at the firm, which manages 776 billion Swiss francs ($811 billion), predicts the yen will rally to 100 against the greenback by year-end, from about 106.75 currently. That’s because investors will seek a haven amid escalating tariff threats between the U.S. and China.