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View Full Version : Yen Gains as Stock Losses Sap Demand for Higher-Yielding Assets - Bloomberg



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04-07-2009, 04:52 AM
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Yen Gains as Stock Losses Sap Demand for Higher-Yielding Assets (http://news.google.com/news/url?sa=T&ct=us/3-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3DaJmg6NvT5t5U%26refer%3Dasia&cid=1327133219&ei=pBXbScCrI4KmM52SqaAG&usg=AFQjCNG3UyVT7NZoQCk41lvZPTDy4D-05A)
Bloomberg
“It’sa near-term correction of the yen after a recent decline which was driven by a rally in risk assets,” said Lee Hardman, a currency strategist in London at Bank of Tokyo- Mitsubishi UFJ Ltd. “Overall, we remain bearish the yen. ...


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