Japanese Yen

[DepthTangent]

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[Rhody Trader]

The Yen is complex. True, there is a heavy bias against it because of interest rate differentials between it and the other industrial currencies. That's the so called carry trade. The currency is just as apt to move on economic news, though. That's what happened in December when it rallied across the board on some decent data. Also, the Bank of Japan is probably the most active in the world when it comes to intervention.