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Yen Action Sets Scene for Carry Trade’s Return | |
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March 24, 2011 The billions of dollars in yen sold by the world’s most powerful central banks have sent a strong message to speculative investors. Those daring to bet that the Japanese currency will again test 76.25 yen, the record high against the dollar it hit last week before the G7’s intervention, better have deep pockets. The Financial Times reports. Source: http://www.cnbc.com/id/42242900?__source=RSS*tag*&par=RSS |
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