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Yen declines against Euro on speculation BOJ will lower rates

Posted on 19 December 2008

From Bloomberg: The yen fell against the euro on speculation the Bank of Japan will today lower borrowing costs and say it will buy commercial paper to combat a global recession.

The yen may also weaken for a second day against the dollar on speculation Japanese officials will intervene to stem its surge to a 13-year high….. Full Article: Source


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VRS - who has written 40705 posts on Opalesque Commodities Briefing.


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