Category Archives: Trading Donkey Blog

Butterflies manipulating the yen?

The yen… It seems every time the yen strengthens, investors in Japanese stocks rush to price in the move. Last time Japanese shares traded, the dollar was sitting comfortably above ¥104, but this morning it was just above ¥103, having dipped into the upper ¥102 range during U.S. hours. (The euro-yen cross rate wasn’t much prettier for Japanese...
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