Friday, April 29, 2011

U.S. Dollar Lower Against Yen as Investors Reposition for Yen Slide

The U.S. Dollar edged slightly lower against the Japanese Yen in Tokyo trading as investors pared away their carry trade positions, but most analysts expect that move will be short-lived with hedge fund operators and Japan-based life insurers positioning themselves ahead of what is likely to be another Yen slide.

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