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More Reason for a Weaker Yen

posted by Avatar keiragabe 724 days ago in JPY, Fundamental

The yen is drifting lower in the North American morning. At first it seemed the declines were because of the political uncertainty caused by Japanese Prime Minister Yukio Hatoyama's resignation. But now the catalyst appears to be that Hatoyama's likely successor, Finance Minster Naoto Kan, is a politician who is publicly in favor of a weaker yen.
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