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Why the dollar-yen rally will fizzle soon
The U.S. dollar rose to its highest level against the Japanese yen since August 2008 on Wednesday, but analysts don't expect the rally to last. "The pace has come so far and so quickly that I am inclined to think it's really due for a little bit of a pullback or consolidation," Sean Callow, senior currency strategist at Westpac told CNBC. The dollar-yen reached 110.08 in Asian trading Wednesday and has risen 8 percent since early August, driven by expectations for a Federal Reserve rate hike in the first half of 2015 and weak readings on the Japanese economy. Poor household spending and industrial production ... (full story)