The Yen Declines as stocks gain and the carry trade increases |
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The yen fell on speculation that Lehman Brothers Holdings Inc. will find a buyer, giving investor’s confidence to buy higher-yielding assets funded in the Japanese currency. The yen snapped four days of gains against the euro as any government-brokered takeover of the bank would help support credit markets. U.S. officials, who are helping Lehman identify potential acquirers might announce a take-over before the 15th of September. ``There's likely to be a buyer somewhere for Lehman,'' said Lee
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