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Yen bulls undauted by intervention threat

Posted on 28 March 2011

Yen bulls have been undaunted by the global effort to push down the Japanese currency, increasing their bets recently that the yen will strengthen.

To many market observers, this may seem counterintuitive, given the risks of another huge coordinated intervention that could weaken the yen and whipsaw those betting it will appreciate…………………………………….Full Article: Source


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VRS - who has written 38515 posts on Opalesque Commodities Briefing.


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