Eurozone-shaking Cyprus plan sends yen soaring

03/18/2013 | Wall Street Journal, The

Despite the best efforts of the new Japanese government and strong inflationary signals from the Bank of Japan, the yen displayed its resilience as a safe-haven currency Monday amid the tremors generated in the eurozone by a Cyprus bailout plan. Investors flocked to the yen, raising it 2% in value against the U.S. dollar.

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Wall Street Journal, The

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