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JPY Daily News
Yen Losses on Speculation Goldman Sachs Profit Will Surge
Monday, 13 Jul 2009
The Japanese currency weakened on speculation Goldman Sachs Group Inc. will report the largest profit since it set earnings records in 2007, reviving demand for higher-yielding assets. The Yen also fell against all 16 major currencies after the opposition Democratic Party of Japan won Tokyo elections yesterday, spurring concern that political uncertainty in the world's second-largest economy will worsen.
The Yen surged last week as equities and oil prices fell as optimism about a speedy recovery in the global economy faded, with investors fretting that a rally in risk assets since March may have been overdone.
Current Time: 05/27 04:32 GMT
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Print| # | Time | $€£¥ | Event | Per. | Prev. | Fore. | Act. | Imp. |
|---|---|---|---|---|---|---|---|---|
| 07/13 | ||||||||
| 05:30 | JPY |  Revised Industrial Production | m/m | 5.9% | 5.9% | 5.7% |  | |
| 06:00 | JPY | Household Confidence | 35.7 | 36.8 | 37.6 | | ||
