Investors wary as yen wavers after recent plunge

03/17/2013 | Wall Street Journal, The

Signs of a stabilizing yen after its recent sharp fall against the U.S. dollar are causing some currency traders to hedge their bets against a further drop. Although Prime Minister Shinzo Abe's preferred candidate for the Bank of Japan is now in place, investors said they now need to see concrete moves toward growth stimulus before the currently consolidating yen resumes its downward path.

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Wall Street Journal, The

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