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Yen's Decline, Robust US Investor Confidence, and Aussie's Rise

Last week's market activity was shaped by several significant themes. Firstly, the Japanese Yen's rapid decline caught market participants off guard. The sell-off was exacerbated by what many considered tepid verbal interventions from Japanese officials. Current momentum suggests that the Yen's free fall is far from over. The key is whether Japan will step up with stronger actions, or at least words, as Yen approaches 160 mark against the greenback. ....

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