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Dollar-Yen Forecast - art or science
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This article was published in the monthly LTCBR, Number 29, February 1998
Market Forecast Forex - always a hard task. This is especially true for economists, relying on the analysis of fundamental factors. Forex seemed too volatile and capricious in changes in exchange rates, especially short-term, that it may be appropriate to explain the fundamental changes. Although we do not claim to have found the golden key to the mechanics of forex market works, some of our research are very revealing, or at least worthy of attention.
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