Yen Set For Further Losses As Financial Year-End Approaches

- By FX Markets Staff
- @FXMarkets_
- 05 Mar 2001

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TOKYO -- The Japanese yen has been something of a paradox in the currency markets recently, remaining relatively firm versus the dollar in the face of lackluster economic fundamentals and a worsening political situation. However, in spite of a drop last week, analysts are expecting further losses.

The major factor supporting the currency in recent weeks has been the looming financial year-end in Japan. Traditionally, February and March represent a healthy period for the currency as Japanese

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