‘Easy’ stage of yen decline is over, says Jim O’Neill
The Japanese yen has further room to fall against the US dollar and the euro, but its depreciation now looks less certain than it did in November 2012, according to Jim O'Neill, outgoing chairman of Goldman Sachs Asset Management (GSAM) and an influential market commentator.
Speaking on the sidelines of the ACI World Congress in Singapore last week, O'Neill identified the yen and the Swiss franc as the only major currencies worth taking a position on in the current environment, but he warned
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