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Mizuho

Forex Medium-Term Outlook

LIVE27 November 2025USD neutral

EM Strategy

Mizuho emerging-market bond and FX model-portfolio allocations

CountryRegionBond ViewFX View
No EM portfolio positions in the latest Mizuho note.

8 more EM positions · bond + FX conviction marks

Per-country OW/MW/UW marks · bond duration · FX direction

0 EM positions · bond + FX views unlock with Retail.

FX BANK FORECAST · COVERAGE

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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.

EM Strategy — Mizuho