Joined Nov 11, 2007
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The Yen Continues to Weaken as Dovish Easing Party Moves Into Government

“The Japanese yen weakened to the lowest since April 2011 amid expectations Japan’s new government will push for more cash infusions to bolster the economy. Oil and U.S. stock-index futures advanced.

The yen retreated 0.7 percent to 85.37 per dollar as of 7:20 a.m. in New York and has fallen against all but nine currencies this year. Crude climbed 0.6 percent and copper added 0.6 percent. Standard & Poor’s 500 Index futures rose 0.2 percent and U.S. Treasuries were little changed. Japanese stocks advanced to nine-month highs and bonds declined with the parliamentary approval of Shinzo Abe as the country’s premier…”

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