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06

Yen Drops as Signs of Recovery Spur Risk Demand, Fujii Resigns


The yen fell against all of its most- traded counterparts as evidence of a U.S. economic rebound encouraged demand for higher-yielding assets and Japan’s Finance Minister Hirohisa Fujii resigned. The dollar rose against the yen for the first time in three days as the extra yield on two-year Treasury notes compared with Japan’s debt widened.

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Categories: Bloomberg

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