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Yen could tumble to 130 against dollar by year-end: analyst poll

Rising resource prices set to worsen Japan's trade deficit

The yen touched a nearly 20-year low in Tokyo trading on April 13.   © Reuters

TOKYO -- The yen could sink as low as 130 to the dollar by year-end as high resource prices take a toll on Japan's current-account surplus, according to currency analysts surveyed by Nikkei on Thursday.

The yen touched a nearly 20-year low Wednesday in Tokyo, trading past 126 at one point. It rebounded somewhat into the low 125 range on Thursday, indicating yen-buying among currency traders locking in profit. 

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