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Analysts Comments

John Hydeskov, senior analyst at Danske Bank

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16 May 2008 @ 06:59 am EST
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Reuters - "The Japanese GDP numbers released overnight were really, really good ... absolutely exceeding the U.S. growth in the same period. The yen should strengthen against the U.S. dollar in the coming months ... because we still think that we are about to see some really bad business indicators out of the U.S. and more bad housing data, and also due to the fact that the Japanese economy is not looking as bad as feared by some market participants."

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