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The yen (FXY +1.6%) races higher, unwinding a bit of what had been about the world's most...

The yen (FXY +1.6%) races higher, unwinding a bit of what had been about the world's most one-sided trade for the last 6 months. First comes price action then come excuses, and about the best reasons for today's slide in dollar/yen is the BOJ upping its economic forecast at last night's policy meeting, and the weak U.S. GDP print. The surging yen is hitting the year's hottest ETF, DXJ -1.7%.
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Comments (2)
  • Zorrro
    , contributor
    Comments (8) | Send Message
     
    Ouch!
    26 Apr 2013, 02:47 PM Reply Like
  • kmi
    , contributor
    Comments (4527) | Send Message
     
    Don't worry this story isn't over...
    26 Apr 2013, 08:08 PM Reply Like
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