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Reuters answers key questions regarding yen intervention and quantitative easing09.15.2010
Will Japan’s aggressive effort to tame the yen work? That was a key question this week after Japan stepped into FX markets earlier than many had expected. It was answered in a Sept 15 FX Column by Reuters. Japan faces a difficult war with the market but intervention together with quantitative easing could push the dollar back up to 90 yen. However, as long as the market is patient, it may win this war. |
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