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Friday, March 18, 2011

Yen Currency Exchange Rate

Currency exchange rate of Japanese yen has astonishingly strengthens in spite of the disastrous costs of the recent quake and tsunami. According to Mr. Chris Towner, the director of FX advisory services in HiFX, the trading background in the foreign exchange markets was stable. Nevertheless, the main cause for this type of stability in the yen's currency exchange rate is the fact that it had a risk-reluctant reputation.
Mr. Chris Towner also said that sterling is not likely to weaken insistently consequently of the natural catastrophe, though, he noticed that the pound is likely to do business on the back foot in the few next weeks.

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