Market Currents
The yen makes a big move up today (FXY +0.5%) and remains within shouting distance of its...
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Friday, August 10, 2012, 11:38 AM ETThe yen makes a big move up today (FXY +0.5%) and remains within shouting distance of its all-time vs. the dollar, but the conditions may be set for a reversal. The country's merchandise trade deficit just hit its highest on record (see Toyota threatening offshoring more production), GDP is slowing, and the government may soon be forced to intervene.
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