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Selling in the yen picks up steam, the currency hitting a 7-month low vs. the dollar as a...

  • Wednesday, November 21, 2012, 7:31 AM ET
    Selling in the yen picks up steam, the currency hitting a 7-month low vs. the dollar as a wider-than-expected trade deficit - led by sorry export numbers - is likely to add fuel to the (possibly) incoming government's call to remove the BOJ's independence. The dollar +0.8% vs the yen, and buying ¥82.34. The Nikkei doesn't complain, +0.9%.
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This news story has 2 comments:

  • go yen
    21 Nov 2012, 10:40 AM Reply Like
  • The BOJ is not independent. The whole thing is a joke. They will show the world how to do QE infinity in a nanosecond.
    21 Nov 2012, 01:27 PM Reply Like
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