Is There a Trade in the Yen?

The yen, versus the USD, has been stuck in a narrow range since revisiting the 76 handle the last week in July.  During this period, exporters, politicians, and Bank of Japan officials, sometimes in unison, and sometimes individually, have all been squawking about the harm caused by the strong yen. Yet, despite the concern and hand wringing, the strong currency continues.  Many trade…

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