Yen Rises as Stock Drop Boosts Currency’s Appeal as Safe Haven

By Stanley White and Ron Harui Dec. 24 (Bloomberg) -- The yen rose against the euro and the dollar, snapping two days of losses, ... U.S. personal spending and durable goods orders dropped. The South Korean won rose on speculation ... purchases or sales of currencies to influence the exchange rate. Against the Australian dollar [more...]

Date: 2008-12-24 04:14:00

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Strong Yen ‘Not Necessarily To Japan’s Advantage’

In case you’re wondering about the sarcasm in the title, I am paraphrasing Emperor Hirohito’s World War II surrender speech, ... that the South Korean won, the currency of Japan’s main competitor in areas such as electronic goods ... exchange rate cannot help but hurt Japan. There is another problem with the strong yen. It could tip [more...]

Date: 2008-12-17 22:26:25

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