Playing the yen
MARKET VOICE
Dollar/yen should continue to trade range-bound between ¥120--125, says HSBC’s Marc Chandler. He recommends investors opt for an exchange rate accrual
Nearly any other country that has turned in the miserable economic performance that Japan has over the past decade would see the ruling party summarily dismissed and its currency sold off. And yet, the ruling Liberal Democrat Party (LDP) has seen its public approval ratings rise since self-styled reformer Junichiro Koizumi became prime minister
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