Yen drops for fifth week before this weekend’s elections

December 15, 2012
December 15, 2012

A link from Bloomberg

The yen slumped for a fifth week against the dollar, the longest streak since March. Japanese opposition leader Shinzo Abe, an advocate of unlimited monetary stimulus, is projected to win weekend elections. The 17-nation euro gained against all of its major peers after European Union finance ministers agreed to put the European Central Bank in charge of the area’s lenders.

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