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Japan Yen Deal Boost for Economy: Currency Strategist

Wednesday, 24 Aug 2011 | 1:00 AM ET

"As far as I can see, this deal is specifically aimed at providing support for companies that have suffered through the strength of the yen. That seems a far more sensible thing to do then actually try and take on the strength of the yen itself," Simon Derrick, chief currency strategist at BNY Mellon, told CNBC.