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Yen’s rise vs. US dollar is ending, says Citi
December 14, 2010
Next year will herald the beginning of the end of yen appreciation against the US dollar, FX strategists at the US bank believe. The Asian currency has risen to near historical highs against its US counterpart this year.
Following months of continued appreciation the Japanese yen has hit a peak and will not continue to rise against the US dollar for the coming few months, predicts Citi.
Primary drivers for this view include the fact the Japanese exporters...
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