TOKYO -- The yen has sharply reversed direction against the dollar after hitting historic lows as speculative traders close out short positions before the upcoming holidays.
Currencies
Yen hits 2-month high as speculators tap brakes on sell-off
Easing U.S. inflation and looming holiday season fuel rally for Japanese currency
The yen pushed into the lower half of the 147 range to the dollar on Nov. 21, strengthening to a level not seen since mid-September. (Photo by Nanami Sato)
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