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SoftBank stock jumps 5% while yen strengthens: why that combination is unusual
Source: invezz.com
Currency & FXMarket Technicals & FlowsInvestor Sentiment & Positioning
SoftBank shares rose 5% on Wednesday to ¥6,884, extending a September rally that has lifted the stock nearly 38% from ¥5,001 on September 3. The advance occurred despite the yen strengthening toward its highest level in almost seven months, indicating resilient investor demand for the stock amid a potentially less favorable FX backdrop.
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