Deutsche Bank strategists said that the fall of the yen to the 165 mark against the US dollar did not cause obvious concern among Japanese investors or policymakers. The bank's strategist has dropped a bullish trade proposal for the yen against the euro. “The current weakness of the yen does not seem to cause much concern in Japan,” Deutsche Bank macro strategist Tim Baker said in Friday's report. “Customer feedback, recent news reports, and market trends all suggest that Japanese policymakers are in a passive response pattern and are even lagging behind the situation.”

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