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Moves by Japan today may be less an operation to weaken its currency, and more an "admission...
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Wednesday, August 24, 2011, 12:12 PM ETMoves by Japan today may be less an operation to weaken its currency, and more an "admission that yen strength is here to stay." In this, authorities are following the recent lead of the SNB, whose actions are designed to cap the franc's rise and make its high level more tolerable for businesses.
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