Yen reverses weakening trend
CURRENCY FORECASTS
Some believe the current correction signals a revival of the currency with Fed rate policy running out of steam, while signs that the Bank of Japan may withdraw its ultra-easing monetary policy build up.
"We see the current dollar/yen correction as a blowing off of the speculative froth," said Peter Luxton, global markets adviser at Informa Global Markets in London. "Speculative accounts had been steadily building dollar longs against the yen to record levels into the first two weeks of December
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