https://www.alojapan.com/1549496/tokyo-bond-desks-say-sayonara-as-japan-reconsiders-its-french-love-affair/ Tokyo Bond Desks Say Sayonara as Japan Reconsiders Its French Love Affair #news #Tokyo #TokyoNews #東京 #東京都 There is an FX sting in the tail as well. If Japanese investors are trimming exposure to European debt, EUR/JPY starts to matter as more than a conventional rate-spread trade. It becomes a possible capital-flow tell, which adds another transmission channel. French stress is no longer just a local rates story or even a euro-area