{"id":16793,"date":"2010-07-20T06:42:13","date_gmt":"2010-07-20T10:42:13","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=16793"},"modified":"2010-07-20T06:42:13","modified_gmt":"2010-07-20T10:42:13","slug":"goldman-capitulates-as-traders-dash-kan-hopes-for-yen","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2010\/goldman-capitulates-as-traders-dash-kan-hopes-for-yen.html","title":{"rendered":"Goldman Capitulates as Traders Dash Kan Hopes for Yen"},"content":{"rendered":"<p>Bloomberg &#8211; Japanese Prime Minister Naoto Kan\u2019s aim  for a weaker yen to boost exports is running into resistance from  traders who are the most bullish on the currency all year.<\/p>\n<p>Bets by hedge funds and other large speculators  on an advance in the yen reached the most in seven months. Goldman Sachs  Group Inc. and Standard Chartered Plc are among banks that have  reversed bearish forecasts on the yen. Strategists that a year ago  forecast Japan\u2019s currency would fall versus the euro are backing away  from those calls, raising their predictions for the yen against the  single currency by more than any other estimate on a currency pair,  Bloomberg data show.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2010-07-19\/goldman-capitulates-as-traders-dash-kan-hopes-for-yen.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Japanese Prime Minister Naoto Kan\u2019s aim for a weaker yen to boost exports is running into resistance from traders who are the most bullish on the currency all year. Bets by hedge funds and other large speculators on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16793","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=16793"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16793\/revisions"}],"predecessor-version":[{"id":16794,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/16793\/revisions\/16794"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=16793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=16793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=16793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}