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The dollar is solidly higher against the yen following last night's somewhat shocking trade and...

The dollar is solidly higher against the yen following last night's somewhat shocking trade and current account deficit announcements. Trained by 30 years of data, markets are not used to Japan being in deficit. The country's abandonment of nuclear power amidst rising oil prices is likely an important factor. Dollar +0.7% to ¥81.64.
Comments (2)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    "The country's abandonment of nuclear power amidst rising oil prices is likely an important factor."

     

    Well...just unabandon the abandonment.

     

    Is it coincidence that the two defeated powers, Japan and Germany simultaneously adopt suicidal "green" initiatives like abandoning nuclear energy?

     

    Disclosure: Long uranium
    8 Mar 2012, 09:43 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3529) | Send Message
     
    "The country's abandonment of nuclear power ..."

     

    Dumb move. Terrible overreaction.
    8 Mar 2012, 01:31 PM Reply Like
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