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Reasons Behind Yen Record

Thu 17 Mar 11 | 02:10 AM ET
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Reasons Behind Yen Record

Thu 17 Mar 11 | 02:10 AM ET
It was a mixture of historical technical levels and algorithmic trading that rocketed the yen to an all-time high of 76.25 against the dollar Thursday, Thanos Papasavvas, head of currency management at Investec Asset Management, told CNBC.

Topics:

Asia  | Currencies  | Economy (U.S.)  | Investment Strategy
 
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