The fear is that the tension will result in new elections and Turkey won't be able to put in a strong anti-inflation program.
Anne Mills
Everything they have said suggests (Japan) will not (step in to weaken the yen).
japan
fear strong elections tension result
The market is underestimating the Bank of Japan's determination to return to a more normal interest rate structure.
determination market interest normal return structure
Our reading is that their aim is not to begin a tightening cycle but to reinstate a normal monetary policy.
reading normal begin
[Analysts said there was no specific news that fueled the downward pressure.] People can always find a reason to sell the euro,.. It's a one-directional currency for now.
people reason pressure news find currency
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