Joined Nov 11, 2007
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Baran Targets 118 YEN USD

“The yen broke through the 100 dollar resistance level Friday and was trading at 101.63, its weakest level in more than 4 ½ years.

Now the question is will how low can it go. David Baran, co-founder of Tokyo-based hedge fund Symphony Financial Partners, says he doesn’t see the dollar stopping until 115 to 118 yen.

“Give it time, it will happen,” he tells The Wall Street Journal….”

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