Forex | Forex | Yen lifted by conflicting winds (31/08/2009 14:50:34)

Yen lifted by conflicting winds

The Japanese yen strengthened on new found optimism rooted in decisive victory for the Democratic Party of Japan who rose to power on a platform of social and economic change. The news was accompanied by a reversion to pessimism in China where continued concerns over excesses in both lending and production capacity have fuelled a reversal in the stock market leading to a monthly close in official bear territory. Either way the clear direction at the start of a new trading week was for a


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