Bernanke Strikes First Yen Blow as Yield Gap Rises

While Prime Minister Shinzo Abe piled pressure on the Bank of Japan (8301) to weaken the yen last week, the Federal Reserve struck the first blow against the currency. A signal from Fed board members that they may end bond purchases in 2013 helped drive the yen to a 2 1/2 year low of 88.41 per do…

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Bernanke Strikes First Yen Blow as Yield Gap Rises

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