17.02.2012 - Investors lose their yen for Japan's currency
Investors are finally starting to turn against the yen in the options market. For the first time in nearly a decade, hedge funds and other traders appear to be buying more options that profit if the yen weakens against the dollar, as opposed to bets that pay off when the yen strengthens. To a growing number of investors, the yen is losing its appeal as a safe harbor from global economic turmoil. They say Japan's slump, and the increasingly drastic steps the country's central bank is taking to pull the economy out, are becoming too big a drag on the yen at a time when other economies are gathering steam...............................................Full Article: Source
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