Japanese authorities may be trying to prop up the yen, but for currency traders the resulting rallies are creating opportunities to rebuild bearish positions in the currency, according to a report by Bloomberg.
The yen has given back much of the gains generated by the latest coordinated US-Japan intervention, returning to around JPY160 per dollar less than two weeks after the operation. With Japan’s interest rates still well below those in most other developed markets, investors continue to see...
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