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Friday, February 16, 2007

Yen Rising Sun

Yen rising like the sun. March Yen futures were up four days in a row before stalling in early trade Friday. The week has had a relatively wide trading range, with .8229 and .8438 marking the low and high, respectively. The main reason for the Yen’s rally is the fact that the low interest rate policy in Japan is coming to an end according to government officials. Read More....