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Yen weakens for 2nd day on speculation G-7 to keep intervening

Posted on 21 March 2011

The yen declined for a second day against all its major counterparts on speculation the Group of Seven nations will keep selling the currency to curb its appreciation and help support Japan’s economy.
The yen extended losses after sliding the most against the dollar in six months on March 18 when G-7 members sold the currency after it reached a postwar high, endangering the Japan’s recovery from its biggest earthquake……………………………………….Full Article: Source


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