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Forex Depth Analysis: USD/JPY

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10-24-08, 05:44 AM

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Forex Depth Analysis: USD/JPY

The yen climbed to a 13-year high against the dollar as the risk of a global recession prompted investors to slash carry trades, in which they fund purchases of higher-yielding assets with Japanese currency. The yen also surged to the strongest in six years versus the euro after Belarus, Ukraine,...

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