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Thursday, January 31, 2013

Oil Priced in Yen vs. Dollars

The USD/JPY exchange rate has risen to ¥91 from ¥77 as Japan seems intent on creating inflation for itself by depreciating its currency.  Thanks to that depreciation oil priced in yen  is rising even as it is relatively flat when priced in dollars.  Success?

Brent crude price

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