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Yen speculators shift to buying as easing exit prospects fade

TOKYO -- Foreign speculators have started buying yen as struggling global stock markets and weak oil prices dim prospects for a U.S. interest rate hike and fuel anticipation of further easing in Europe.

     Selling of emerging-market currencies and buying of currencies of advanced countries were the most prominent themes in currency markets last month. Uncertainty over the Chinese economy touched off an across-the-board sell-off in Southeast Asian and resource-producing countries. And buyers have increasingly flocked to the yen of late.

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