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>> JAPANESE YEN Latest News

MAR 08, 2013 - Zero Hedge

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Same Yen-Funded Melt Up, Different Day

SYFMUDD The same pattern we have seen every day for the past week is back - slow overnight levitation as bad news piles on more bad news. What bad news? First as noted earlier, a collapse in Chinese imports and a surge in exports, which as SocGen explained is a harbinger of economic weakness in the months to follow, leading to yet another negative close for the Shanghai Composite. Then we got the UK January construction data which plunged by 7.9% according to ONS data. Then the Bank of Italy disclosed that small business lending was down 2.8% in January. We also got a negative Austrian Q4 ... Read More

Tags: Same Yen-Funded Melt Up, Different Day,  Japanese Yen Latest News