A yen for strength
MARKET VOICE
Expect mid-term retracement of weakness in dollar vs yen, says Kamal Sharma (right), currency strategist at Commerzbank in London. But gains will be limited by the dollar-negative threat of further terrorist attacks
Probably no major currency is more influenced by politicians than the yen. Within the last three weeks the Bank of Japan (BoJ) on behalf of the Finance Ministry, intervened four times to curb the ongoing strengthening of the yen. As intervention fears should now protect the downside
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