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Currencies

SoftBank risks triggering yen rally with T-Mobile share sale

Coronavirus-induced retreat of Japan's foreign investments adds pressure on currency

SoftBank Group CEO Masayoshi Son: The Japanese tech group may be on the verge of unwinding a massive U.S. investment.    © Reuters

TOKYO -- SoftBank Group's planned 4.5 trillion yen ($41.9 billion) asset sale has fueled fears in the currency market of renewed volatility in the yen, which has enjoyed relative stability underpinned by aggressive Japanese investment abroad.

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