"The yen steadied on Friday after plunging to a six-and-a-half month low against the dollar in the previous session on expectations a new Japanese government could push the Bank of Japan to adopt interest rates of zero or below." reports the Reuters.
|Bank of Japan (source: Wikipedia)|
Strategists remained divided over whether the Japanese currency has entered a new weaker phase against its major counterparts, or whether its dramatic drop this week will prove to be an aberration.
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