Reports that Japan's Mitsubishi UFJ Financial Group is close to wrapping up the purchase of the aviation financing business of Germany's DZ Bank
Bloomberg with the headline.
Please note this (the potential deal) has been in the news for months … and its more often the case than not that when news of the deal completion hits the headlines the currency hedge has been well and truly completed.
The implication being to be wary of loading up on EUR/JPY with this news.
