Credit Suisse Group AG advises its private banking clients to buy the yen against the euro and South Korean won, because the Japanese currency remains undervalued against the dollar.
Stamford Management Pte, which manages $ 250 million of wealthy Asian clients, predicted the yen to strengthen to 110 against the dollar at the beginning of next month.
Singapore-based Stephen Diggle, who runs Vulpes Investment Management, plans to increase investment in assets in Japan, where the family office already owns hotels and part of a nightclub in a ski resort.
The yen rose to a 7% against the dollar this year to 112.32 on Friday and touched 110.99 on Thursday, its strongest level since October 31, 2014.
The yen outperformed all 31 other major currencies this year as the current account surplus of Japan makes it attractive for investors seeking asylum.
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