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Yen remains a haven currency despite sharp fall

Posted on 14 May 2013

It may be hard to accept, given the yen’s recent sharp fall, but the Japanese unit remains in the eyes of many a haven currency. The dollar’s rise above Y100 is not just a function of Bank of Japan easing, but also the benign market of late.
Bursts of angst can still see the yen gain ground. As can the Swiss franc, a haven peer, which may now also face a distinct weakening trend………………………………………..Full Article: Source


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