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Yen heads for sixth weekly loss on political turmoil, recession

Posted on 06 March 2009

From Bloomberg: The yen headed for a sixth week of declines against the dollar on concern that Japan’s political turmoil and economic slump are worsening, reducing the appeal of the currency.

The yen was poised for its longest losing streak versus the greenback in nine months after local media reported Japanese prosecutors suspect a group headed by Trade Minister Toshihiro Nikai of taking illegal political donations….. Full Article: Source


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