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Al Bawaba
September 27th, 2008 - 02:36 GMT

Japanese Yen Outlook Depends on US Treasury Bailout Resolution

Fundamental Forecast for the Japanese Yen: Bullish Forecasts for the Japanese Yen improved on the week, as the largest bank failure in US history and broader financial market instability boosted outlook for the heavily risk-linked currency. The low-yielding Japanese Yen typically benefits in the face of broader market risk aversion, and a 2.15 percent weekly drop in the US Dow Jones Industrials Average forced similar declines in the Yen-based carry ...
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