Action Insight Mid-Day Report Yen Maintains Momentum as Risk Aversion Dominates Yen remains strong today and extends it's strength across the board in early US session. Yen buying was triggered on risk aversion following 2% fall in Nikkei. Momentum continues with European stock markets down and US set to have a lower open. In addition to the concern over credit market crisis, markets are starting to shift the focus to inflationary pressures, in particular with oil prices breaking into $125 per
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Friday, May 9th, 2008 at 4:07 pm
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