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Featured Advisor

Asset Preservation Advisors


State: GA

APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Speculators Drive Yen to Post-WWII Highs

The value of the yen against the dollar has risen to highs not seen since the end of World War II and reached a peak of 78.70 per U.S. dollar, Bloomberg.com said today.

Speculators are driving the increase in the believe that Japanese insurance companies will have to sell off its foreign investments to pay for claims resulting from last Friday’s 9.0 magnitude quake and tsunami, Bloomberg said.

News of the rising yen, which hurts the competitiveness of Japanese exports, precedes today’s meeting of the Group of Seven industrialized nations. The G7 is scheduled to discuss ways to calm market reactions to the devastation in Japan.