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EFTA00610276
(WY aril, commutative) hedge demand - USD1PY (RHS, inverted) Carry trade extends. -30 150 96 98 00 02 04 06 08 10 12 14 and unwinds &Knee' Deutsche aset 8boftwg 'nine.> CP 60 70 80 90 100 110 120 190 140 James Malcolm, London, (+44)20754 50884 Taisuke Tanaka, Tokyo Page 6 De
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