The yen fell against the dollar on speculation that repatriation of funds from Japanese companies will slow down towards the end of the month, when the fiscal half-year closes. Analysts predict that Japan will be the only G10 nation that won't raise interest rates from a record low of 0.1% in 2010. Last week the BoJ left benchmark interest rates unchanged and cited encouraging signs in the economy. Though the newly elected Democratic leaders have voiced their support for the yen, analysts are unsure how they would handle a strong yen as Japan is an export heavy country. Financial markets are closed for holiday through Wednesday.
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