Macro Finance
Australia’s Second-Largest Pension Makes Big Bet on Yen Strength
Bloomberg Markets·August 26, 2026·1 min read
Australia's second-largest pension fund has built its biggest overweight position in the Japanese yen in years, betting that markets are underpricing Bank of Japan interest rate hikes. The move signals confidence in yen appreciation as the BOJ may tighten policy more aggressively than currently anticipated by market participants.
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