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Yen higher as investors seek safety in Japanese currency

Posted on 12 February 2009

From Guardian: The yen rose against major currencies in safe-haven trades on Thursday, as investors avoided risk as Japanese stock prices fell on disappointment over financial rescue plans in the United States.

The yen was well-bid as a lower Nikkei stock average prompted Japanese investors returning from a public holiday on Wednesday to seek safety in the currency….. Full Article: Source


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