Via Bloomberg remarks from a Pacific Investment Management Co. reports
Yen is "cheap" according to Pimco's valuation models
- should remain supported versus dollar
PIMCO is also bullish GBP
- outperformance will "require domestic macro improvements as well as the ongoing reduction of Brexit-related policy uncertainty"
ON the USD, expects moderate weakness against G-10
- but still support from relatively high UST yields, stable current account
