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Yen Rally Erodes Japan Corporate Buffers, Raises Earnings Risks

Investors may start shifting focus to domestic demand-reliant stocks that are poised to benefit from a strong currency after a surge in the yen took the currency past forecasts made by listed Japanese companies to calculate their corporate earning projections.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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Houthi attacks leave Yemen's people a hostage to fortune

The latest attacks by Yemen’s Iran-backed Houthi rebels on Saudi Arabia that wounded dozens of civilians and disrupted energy operations in the country’s south are undoubtedly a serious escalation. Yemen is once again becoming a pressure point at a juncture when the Middle East can least afford another open-ended conflict.

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