The 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.
The yen makes a big move up today (FXY +0.5%) and remains within shouting distance of its...
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